LME price falls along with weaker demand conditions; No material effect from UK’s LME warranting suspension

 
LME WAREHOUSING UPDATE.

1. LME prices decline again as world manufacturing activity weakens further (as anticipated).

2. China’s aluminum prices fall back toward two-week lows.

3. LME WAREHOUSING UPDATE. NO EFFECT: LME warehouses in the UK will no longer accept freshly produced Russian aluminum.

4. LME Cash–3M contango widens as conditions ease through June, remains unsupportive for cash-and-carry deals.

5. EUROPEAN SCRAP ALERT. SECONDARY ACTIVITY PLUNGES: Europe’s secondary aluminum market halts.

To see our full market intel on the European scrap market, please subscribe to our specialized Europe Scrap Intelligence Report.

6. MEXICO SCRAP ALERT. BATTLE INTENSIFIES: Mexican buyers struggling to compete against the export market.

For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.

7. US SCRAP ALERT. HEATED COMPETITION IN THE US SOUTH: Mexican buyers increasingly looking for scrap items in the US south region.

For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.

 

Request a Sample

Previous Article ROW’s Smelting Expansions Alone Offset European Cutbacks by 3X Next Article LME price closes below $... per mton; Orders to withdraw metal surge in South Asia
icon-angle icon-bars icon-times