1. LME prices close the week down… % w/w, testing fresh two-month lows amid confirmation of demand contraction and bearish technical momentum.
2. China’s aluminum prices end the week near two-month low.
3. ALERT! – FREIGHT RATES. CORRECTION ONGOING: Breakbulk and container rates fall to a two-year low; pressure on aluminum premiums to continue.
4. ALERT! – EUROPEAN BILLET. DOWNSIDE PRESSURE RESUMES: Spot billet premium downside trend extends into the new year.
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5. ALERT! – EUROPEAN SCRAP. SLOW START: Market to resume next week amid holiday season in Europe and still weak demand.
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6. ALERT! – US SCRAP. DECENT DEMAND FOR SOME ITEMS.
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7. LME Cash–3M contango narrows to one-week low but wide spreads persist from late January onwards.