LME price fall opens door for $2350 per mton, SHFE price correction reaches fresh lows

ALERT! – USA SLAB.
 

1. LME prices fall further below $2,500 per mton; door for $2,350 per mton is technically open now.

LME 3M prices fell today by 0.1% or $… per mton, closing at $…

2. China’s aluminum prices plunge to fresh three-month low, alumina tumbles further.

SHFE front-month aluminum prices fell today by 1.1%, closing at…

3. ALERT! – USA SLAB. FURTHER WEAKNESS AHEAD? US offshore slab imports decline to lowest level in 4 years.

4. ALERT! – EUROPEAN BILLET. HOLIDAY MODE: Spot premium pause at and above $… /ton amid holidays.

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

5. LME Cash-3M contango widens further, above breakeven levels for financing deals.

The Cash-3M contango widened to a two-week high of $…

 

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