1. LME prices increased after correcting down… % in four days. Next technical target continues to be $… per mton.
2. ALERT! – ALUMINUM INVENTORIES. Aluminum canceled warrants, metal earmarked to leave LME warehouses, spiked today by… mton in Asia while inflows moderated. Cancelation is mostly… – and… -origin units returning to off-warrant storage following short squeeze in LME forward spreads.
3. GREEN ALUMINUM MONITOR. Another major scrap recycling investment in China.
For more details, please subscribe to HARBOR’s specialized “Green Aluminum Monitor Report .”
4. China’s aluminum price rises but has yet to test expected resistance.
5. RERUN – US BILLET. DECLINING CONTRACTUAL UPCHARGE: 2023 contractual offers plummet as low as… cent/lb.
6. LME Cash–3M contango narrows despite a continued easing in tightness ahead of November.