LME falls below $2,600 per mton, billet premiums fall in Europe

ALERT! – EUROPEAN BILLET.
 

1. LME price falls … per mton amid Chinese economic struggles and plunging oil prices.

LME Cash aluminum prices fell to a new one-week low of $… per mton, falling by 1.6% or $… per mton from Friday. Meanwhile, LME 3M prices fell by 1.5% today, closing at $…

2. China’s aluminum prices fell amid weak demand signals as a weeklong holiday begins.

SHFE front-month aluminum prices ended today’s session down 0.2% at… yuan per mton. Prices declined along with copper prices as China’s latest…

3. RERUN: ALERT! – EUROPEAN BILLET. LOWER LOWS: Spot billet premiums decline further, eyes $… per mton.

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

4. RERUN: ALERT! – EUROPE SCRAP. WIDESPREAD PRESSURE: Billet remelters and secondary producers stay in red.

For more details, subscribe to HARBOR’s specialized “ Europe Scrap Intelligence” report.

5. ALERT! – MEXICO UBC. RANGE TRADING: UBC prices hold their ground amid high uncertainty.

Mexican UBC prices hold at two-year highs amid volatile LME prices, lower spot needs, potential new US tariffs, and past-due payments.

6. LME Cash-3M contango eases from three-month lows but remains in single digits (bearish P1020 premiums).

The Cash-3M contango widened to $… per mton (a 1.5% annualized yield) from Friday’s three-month low of $… per mton. The February–March contango widened to…

 

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