LME price down in October amid demand contraction; Yunnan seasonal cutbacks too small to erase surplus

ALERT! – CHINA ALUMINUM.

 

1. LME price falls as Chinese manufacturing activity returns to contraction territory.

2. China’s aluminum price fall from two-week highs.

3. ALERT! – CHINA ALUMINUM. BUDGETED CURTAILMENTS: Yunnan seasonal production cuts will start this week, surplus will remain.

4. ALERT! – EUROPE WIRE ROD. DEMAND SLOWDOWN? EU’s solar sector challenges could negatively impact wire rod needs ahead.

5. ALERT! – GREEN ALUMINUM. GREEN WIRE ROD: Rio Tinto to supply Green Aluminum to Prysmian.

For more details, subscribe to HARBOR’s specialized “Green Aluminum Monitor” reports.

6. ALERT! – US ZORBA. THE PEAK BEHIND US? US Zorba cools off as export pressure eases.

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

7. LME Cash-3M contango eases slightly from five-month low; December backwardation persists (bearish premiums).

 

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