LME prices post a bearish weekly close and open door to $… per mton; Secondary alloy/scrap demand underperforms

 
EUROPEAN BILLET ALERT.

1. LME prices confirm breach of support at $… per mton and open door to $… per mton.

2. China’s aluminum prices pull back to a one-week low as demand concerns persist.

3. EUROPEAN BILLET ALERT. CALM BEFORE THE STORM? Q3 billet contract negotiations set to begin next week.

To see our full European Billet Market Intel and Premiums assessment, please subscribe to our specialized European Billet Intelligence Report.

4. EUROPEAN SCRAP ALERT. WORSENING: Secondary alloy demand falls further.

To see our full market intel on the European scrap market, please subscribe to our specialized Europe Scrap Intelligence Report.

5. US SECONDARY ALUMINUM UPDATE. Secondary scrap prices down as market remains long.

For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.

6. US A356 SCRAP WHEELS ALERT. NARROWING: Competition for A356 scrap wheels increases.

For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.

7. LME Cash–3M contango ends the week at the tightest in one month (bearish for spot P1020 premiums).

 

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