ALERT! – US BILLET.
1. LME Cash price continues to test levels below $… per mton as a short-term downward trend targets HARBOR’s $… per mton zone.
2. SHFE aluminum prices struggle to rebound from one-week lows and remain at the low end of their multi-month trading range.
3. ALERT! – US BILLET. FALLS TO… CENT/LB: US spot billet upcharge declines to as low as… c/lb.
4. RERUN: ALERT! – EUROPEAN BILLET. BEARISH SENTIMENT: Deteriorating Q3 billet market landscape does not bode well for Q4 demand and premium level outlook.
To see our full European Billet Market Intel and Premiums assessment, subscribe to HARBOR’s specialized “European Billet Intelligence” reports.
5. ALERT! – US WIRE ROD. SOME WEAKNESS: US EC wire rod demand for medium voltage cable negatively impacted by B&C market softness.
6. ALERT! – US GREEN ALUMINUM. EMISSION INTENSITY REPORT: US authorities to investigate aluminum GHG emissions.
For more details, subscribe to HARBOR’s specialized “Green Aluminum” reports.
7. ALERT! – US 6063 EXTRUSION SCRAP. HOLDING GROUND: New bare 6063 extrusion spreads edge in.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
8. ALERT! – MEXICO SCRAP. DOUBLE WHAMMY: Secondary scrap demand hit by imported units, primary scrap demand hit by falling LME prices.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
9. LME Cash-3M contango yield nearly at three-year highs amid ample metal availability.