LME price slide continues; European billet premiums down again

1. LME price at fresh three-week lows, bearish range-trading pattern targets the low end of the $... per mton zone.

2. China’s aluminum price ends the week at a four-week low.

3. LME Cash-3M contango narrows from seven-week highs; far-end spreads remain unsupportive.

4. ALERT! – EUROPEAN BILLET. DOWN AGAIN, 2024 biz starts.

For more details, subscribe to HARBOR’s specialized “European Billet Intelligence” reports.

5. ALERT! – EUROPE MLC. CHINA CHASING after European mill scrap.

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

6. ALERT! – EUROPE UBC. NOT IMPROVING: UBC demand weakness, over-inventory and ample price discounts persist.

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

7. RERUN: ALERT! – US UBC. STOCKING UP: UBC buyers tighten spreads going into winter.

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

8. ALERT! – US A380. A BIT WIDER: US alloy formula discounts widen for 2024.

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