LME and SHFE prices reach new lows; European P1020 and PFA spot premiums slide

1. LME prices closed the month at five-week lows amid further end-user demand contraction evidence.

2. China’s aluminum price at three-month lows amid contracting demand.

3. ALERT! - EUROPE P1020. NO BOTTOM YET: European P1020 duty-paid premium slide reaches $... per mton.

4. ALERT! – EUROPEAN PFA. NEW LOWS: European spot PFA premium decline reaches $... per mton.

5. ALERT! – EUROPE SEGREGATED SCRAP. HALTED: Bleak demand persists for 1xxx, 3xxx and 5xxx segregated scrap.

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

6. ALERT! – US MILL-GRADE OLD SHEET. SPARSE: Mill-grade old sheet availability remains thin.

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

7. ALERT! – US CANSHEET. CAN LINE CLOSURE: Ardagh to close Whitehouse OH facility.

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

8. LME Cash-3M contango narrows further from near three-month highs.