LME price falls as demand concerns resurface; Weak European sheet demand amid high inventory levels

1. LME price declines to one-week lows amid signs of physical demand contraction.

2. China’s aluminum prices hold at the upper end of their six-month trading range.

3. ALERT! – EUROPE ROLLING MILL. WEAK Q1 SHEET DEMAND: Demand down, European consumers mostly consuming metal out of their inventories.

For more details, please subscribe to HARBOR’s specialized Aluminum Rolled Products Intelligence Report.

4. ALERT! – US ROLLING MILL. US FOIL MILL REOPENS: St. Louis foil mill reopens as Gateway Aluminum.

For more details, please subscribe to HARBOR’s specialized Aluminum Rolled Products Intelligence Report.

5. LME Cash–3M contango widens to a one-week high; far end contango widens for the first time in eleven sessions.