1. LME price down to near two-week lows, testing support at the mid-point of their ten-month-old range.
2. China’s aluminum price test down below… yuan per mton.
3. ALERT! – EUROPE P1020. PEAKING? European P1020 premiums unchanged as container rates fall back.
4. GREEN ALUMINUM MONITOR. LATEST SUPER GREEN BILLET & SLAB PROJECTS
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5. ALERT! – EUROPEAN BILLET. SUPER GREEN BILLET POWERHOUSE: Norsk Hydro’s to build another super green billet remelter.
To see our full European Billet Market Intel and Premiums assessment, subscribe to HARBOR’s specialized “European Billet Intelligence” reports.
6. ALERT! – EUROPE UBC AND SEGREGATED SCRAP. PERSISTENT WEAKNESS: European UBC consumers out of the market for Q1.
For more details, subscribe to HARBOR’s specialized “Europe Scrap Intelligence” reports.
7. ALERT! – MEXICO WHEEL SCRAP. FAVORING IMPORTS: Mexican buyers competing for scrap wheels in the US.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
8. LME Cash-3M contango narrows again and turns uneconomic for cash-and-carry deals (bearish P1020 premiums).