LME price plunges, US and EU billet demand not good

ALERT! – US BILLET.
 

1. LME Cash price tumbles 2.6% on Friday and erases weekly gain as Fed interest rate cut seems to reinforce bearish demand sentiment.

LME Cash aluminum prices plunged to a one-week low on Friday, falling by 2.6% or $…

2. China’s aluminum prices retreats from two-month highs.

Prices declined amid prevailing demand concerns. SHFE front-month aluminum prices closed the session up…

3. ALERT! – US BILLET. SLOW AND LONG MATING SEASON: US extruders in “waiting mode” amid depressed demand context.

Demand bearishness persists for the balance of the year and H1 2025. Mating season is expected to…

4. ALERT! – EUROPEAN BILLET. DECLINE CONTINUES: EU billet premiums decline for third straight week.

To see our full European Billet Market Intel and Premiums assessment, subscribe to HARBOR’s specialized “European Billet Intelligence” reports.

5. ALERT! – EUROPE SCRAP. HAND-TO-MOUTH: Europe’s scrap supply chain continues to run on low volumes.

For more details, subscribe to HARBOR’s specialized “ Europe Scrap Intelligence” reports.

6. ALERT! – AEROSPACE PLATE. PLATE INVENTORIES ACCUMULATING: Boeing production halted, plate inventories building up.

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

7. LME Cash–3M contango widens sharply amid an easing October-November backwardation.

The Cash-3M contango closed the week widening sharply to $…

 

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