1. LME price falls 3% as heavy selling emerged above $… per mton as anticipated; range-trading mode remains in place ($… per mton).
2. China’s aluminum prices fall from one-month highs.
3. EUROPEAN P1020 ALERT. BEARISH PRESSURE: European P1020 premium drops to five-month low.
4. EUROPEAN BILLET ALERT. BYE BYE GREEN UPCHARGE: European green billet upcharge disappears due to challenging market conditions.
To see our full European Billet Market Intel and Premiums assessment, please subscribe to our specialized European Billet Intelligence Report.
5. GREEN ALUMINUM MONITOR: Green upcharges vanishing for now.
For more details and additional green initiatives, please see HARBOR’s Green Aluminum Monitor released earlier today.
6. EUROPEAN SCRAP ALERT. A LITTLE HELP FROM ASIA: Few deals confirmed amid an uptick in Asian demand for secondary ingots.
To see our full market intel on the European scrap market, please subscribe to our specialized Europe Scrap Intelligence Report.
7. US SCRAP ALERT. WEAK AND QUIET: Notably weak spot demand for most scrap items.
For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.
8. LME Cash–3M backwardation continues to gradually ease.