Subscription inquiry

LME starts the year the most bearish in over three decades; European P1020 & billet premiums up on Red Sea issues


1. LME prices experience the worst start of a year in more than three decades.

2. China’s aluminum prices at three-week lows amid economic growth concerns.

3. ALERT! – EUROPE P1020. SHORT-TERM BULLISH: European P1020 premium gaps up on Red Sea disruptions.

As anticipated by HARBOR, European spot P1020 premiums have continued to increase amid spiking container rates and terminal handling charges on Red Sea disruptions. We see...

4. ALERT! – EUROPEAN BILLET. UPTREND CONTINUES: European spot and March premium levels rising.

To see our full European Billet Market Intel and Premiums assessment, subscribe to HARBOR’s specialized “European Billet Intelligence” reports.

5. ALERT! – EUROPE SCRAP. BEARISH START: Buyers on the sidelines as demand remains uncertain.

For more details, subscribe to HARBOR’s specialized “Europe Scrap Intelligence” reports.

6. ALERT! – US TURNINGS. SCARCITY BITES: Turnings prices rise as generation drags.

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

7. LME Cash-3M contango yield rises to 9% again, supportive of cash-and-carry deals.