LME price down to fresh lows; European slab premiums plunge

1. LME prices closed at a four-week lows amid oversupply and bearish world demand conditions.

2. China’s aluminum price regains some ground after testing one-month lows.

3. ALERT! – EUROPEAN SLAB. SLAB PREMIUMS PLUNGE: European slab spot upcharges gap down to their lowest levels in almost two years.

4. ALERT! – US MILL-GRADE OLD SHEET. OFFSHORE FLEXES: Old sheet prices up as export market replaces zorba.

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

5. LME Cash-3M contango widens to two-week highs amid ongoing spike in LME inventories.