LME price drops to fresh nine-month lows; US PFA upcharges linger near fifteen-month-lows

1. LME prices remain in bearish mode, falls to $2,105 per mton.

2. SHFE aluminum prices stuck near recent one-month lows.

3. ALERT! – US PFA. DEMAND OUTLOOK CONCERNS: US PFA demand outlook concerns mount while upcharges remain at multi-month lows.

4. ALERT! – EUROPE WIRE ROD. GROWING BEARISH IMPORTS: EU EC regional offshore rod imports adding bearish spot premium pressure.

5. ALERT! – EUROPEAN GREEN & SCRAP. MORE SCRAP RECYCLING: Alro is increasing its recycling capacity toward 100k mtpy.

6. ALERT! – EUROPE ROLLING MIL. PRICE DECLINES ACCELERATES: Europe common alloy prices fall as much as 20% in the last month.

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

7. ALERT! – US EC WIRE SCRAP. DULL DEMAND: EC Wire discounts widen the most in five months.

For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.

8. LME Cash-3M contango holds above $40 per mton, supportive for cash-and-carry deals.