ALERT! – EUROPEAN EXTRUSION & FOIL.
1. LME prices down 2% so far this week.
2. SHFE aluminum prices fail to sustain one-year highs but continue to test the upper end of their trading range.
3. HARBOR FIRST! –LARGEST GREEN REMELTER IN THE WESTERN WORLD: Aluxite to Increase Billet/Slab Capacity to 400k mtpy.
4. ALERT! – EUROPEAN EXTRUSION & FOIL. MORE CAPACITY COMING: Foil and extrusion/billet investments announced in Bulgaria.
For more details, please subscribe to HARBOR’s specialized “Aluminum Rolled Products Intelligence” Report.
5. ALERT! – MEXICO SCRAP. NOT MUCH CHANGE: Domestic UBC demand and collection weakness continue, export demand providing some cash-flow support.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
6. ALERT! – US DOMESTIC ZORBA. EXPORT LIFT: Zorba prices rise amid offshore demand.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
7. LME Cash-3M contango widens near $50 per mton amid ample and growing metal availability, supportive for cash-and-carry deals.