LME price falls to HARBOR’s target; European billet premiums at new lows

1. LME prices fall further to levels near HARBOR’s forecasted $... per mton level. A $.... per mton zone visit is not ruled out within the next two weeks.

2. China’s aluminum price hits new three-month lows.

3. ALERT! – US EXTRUSIONS. THREE-MONTH DELAY: Preliminary CVD duty decision on US imports of extrusions postponed.

4. ALERT! – US ZORBA. SHORTFALL: Unimproved supply lifts zorba prices.

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

5. ALERT! – EUROPEAN BILLET. NEW LOW: $... PER MTON.

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

6. LME Cash-3M contango still wide amid growing metal availability.