LME price falls 2.2% w/w; European billet premium supported by Red Sea turmoil

ALERT! – EUROPEAN BILLET.
 

1. LME prices down 2.2% or $… per mton w/w as technical momentum remains bearish.

2. China’s aluminum prices drop to new five-week lows as technical outlook deteriorates.

3. ALERT! – EUROPEAN BILLET. Q1 RED SEA SURGE CONTINUES: Low end of European spot and March premium rise to $… per mton.

To see our full European Billet Market Intel and Premiums assessment, subscribe to HARBOR’s specialized “European Billet Intelligence” reports.

4. ALERT! – US SECONDARY 356.1. TWO YEAR LOWS: Secondary 356.1 prices down to $…/lb.

For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.

5. LME Cash-3M contango narrows to three-week lows but holds at attractive levels for cash-and-carry deals.

 

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