1. LME prices fall this week by $… per mton or… %; medium-term technical downward trend prevails.
2. ALERT! – ALUMINUM INVENTORIES. MORE METAL HEADED TO THE MARKET: LME canceled warrants up again; metal expected to be offered in North America and Europe.
3. ALERT! – US PFA. DECLINING: PFA spot premiums weaken to as low as… cent/lb (surcharges included).
4. ALERT! – EUROPEAN P1020. TEN-MONTH LOW: Plunge in European P1020 premiums continues; interest for 2023 contractual volumes emerges.
5. ALERT! – EUROPEAN BILLET. European spot billet premiums fall further.
To see our full European Billet Market Intel and Premiums assessment, please subscribe to HARBOR’s specialized European Billet Intelligence Report.
6. ALERT! – EUROPE SCRAP. PARALYZED: Demand contraction, inventory buildups across the board.
For more details, please subscribe to our specialized Europe Scrap Intelligence Report.
7. ALERT! – MEXICO SCRAP. SHORT TERM IMPROVEMENT: Demand and prices for secondary scrap units pick up in Mexico.
For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.
8. China’s aluminum price stuck below expected resistance.
9. LME Cash–3M contango at widest in three-weeks as nearby tightness continues easing.