1. LME price decline accelerates amid technical momentum.
2. China’s aluminum prices hold at six-week lows.
3. ALERT! – EUROPEAN BILLET. PREMIUM DECLINE EXTENDS: Bearish billet market conditions get worse.
To see our full European Billet Market Intel and Premiums assessment, subscribe to HARBOR’s specialized “European Billet Intelligence” reports.
4. RERUN: ALERT! – US BILLET. ONE OF A KIND: Long 2024 US contractual billet mating season shaping to be “one of a kind”.
For more details, please see HARBOR’s “Alert! – US Billet” released on Monday, October 9, 2023.
5. ALERT! – MEXICO UBC. SHORT TERM BOUNCE? Scrap dealers ask for higher UBC prices.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
6. RERUN: ALERT! – CHINA BUYING SCRAP IN NORTH AMERICA. WHAT IF CHINA… UBCs? Mill-grade scrap continues flowing to China from NA, UBC could be the next scrap item.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
7. LME Cash-3M contango basically unchanged (bearish premiums).