LME price plunges $… per amid weak demand and rising supply

1. LME price falls to fresh multi-week lows, targeting the lower end of HARBOR’s identified trading range ($… per mton).

2. China’s aluminum prices fall to six-week lows amid smelting restarts and demand disappointment.

3. ALERT! – EUROPE ROLLING MILL. B&C and Cansheet demand remains weak, auto doing better.

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

4. LME Cash-3M contango widens along with inventory buildups; remains too tight for cash and carry deals (bearish P1020 spot premiums).