1. LME prices fall amid demand concerns and oil price fall.
2. China’s aluminum prices continue to face selling pressure.
3. ALERT! – WORLD ROLLING MILL. NUMEROUS MILL EXPANSIONS COMING: Hindalco plans for Novelis to expand its rolling mill capacity around the world by… mtpy, including… mtpy in the US.
4. EUROPEAN P1020 ALERT. LOGISTICS STRESS BITES FURTHER: European P1020 premiums rise to new record highs.
5. EUROPEAN BILLET ALERT. UNCHANGED BUT TENSE: Spot billet premiums remain unchanged; market tension persists.
To see our full European Billet Market Intel and Premiums assessment, please subscribe to our specialized European Billet Intelligence Report.
6. GREEN ALUMINUM MONITOR: Smelters expand super green aluminum supply.
For more details, please see HARBOR’s “Green Aluminum Monitor” released earlier today.
7. LME Cash–3M contango narrows to one-week low, as LME inventory availability tightens.