Bullish pressure intensifies on aluminum premiums across the board; LME up 2% w/w
1. LME prices rallied for a third consecutive week, getting close to HARBOR's $... per mton target.
2. US PFA MARKET ALERT. PFA PREMIUMS SPIKE: Power outages impact PFA consumers.
3. US BILLET PREMIUMS ALERT. BILLET SUPPLY CRISIS: Spot billet demand set to surge, more bullish.
4. EUROPEAN P1020 ALERT. BULLISH RUN CONTINUES: European P1020 premiums inch higher.
5. EUROPEAN BILLET UPDATE. TIGHTNESS INCREASES BILLET PREMIUMS: Spot jumps to $... per mton, $... per mton discussed for H2. To see our full European Billet Market Intel and Premiums assessment, please subscribe to our specialized European Billet Intelligence Report.
6. EUROPEAN SCRAP MARKET. BULLISH PRESSURE RESUMES: Europe’s secondary and scrap business regaining momentum. Extrusion scrap pressured up. To see our full market intel on the European scrap market, please subscribe to our specialized Europe Scrap Intelligence Report.
7. EUROPE SCRAP ALERT. SCRAP-FEEDSTOCK OF CHOICE: European OEMs calling for more recycled content.
8. US ALUMINUM COPPER RADIATOR (ACR) SCRAP ALERT. THANK YOU COPPER: ACR scrap prices soar on rallying primary prices and harsh weather. For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.
9. LME Cash–3M contango widens to a two-month high despite persistent nearby tightness.
10. China’s aluminum prices consolidating gains at seven-week highs.
More details in full report.