LME prices down after hitting HARBOR’s target zone; European P1020 and wire rod premiums up

1. LME prices fell after hitting resistance at HARBOR’s $... per mton target zone.

2. EUROPEAN P1020 ALERT. STRONG BULLISH START: Europe P1020 premiums gap up.

3. EUROPE WIRE ROD UPDATE. GAPS UP: European EC rod premium gaps up to 700 euros mton.

4. EUROPEAN BILLET ALERT. UNCHANGED: Spot premiums unchanged; early Q2 billet negotiations pointing to steady premium levels.

To see our full European Billet Market Intel and Premiums assessment, please subscribe to our specialized European Billet Intelligence Report.

5. US LITHO SCRAP ALERT. MORE DEMAND FOR CUTTER GRADES: Consumers looking for litho scrap units.

For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.

6. MEXICO SCRAP ALERT. DIFFERENT DEMAND TRENDS: Demand for extrusion scrap remains hot, muted for secondary scrap units.

For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.

7. China’s aluminum prices reach HARBOR’s... yuan per mton target zone.

8. ALUMINUM PRODUCTION ALERT. MORE PRODUCTION: Iran increases aluminum production by... k mton y/y and has another ...k mtpy on the way.

9. LME Cash–3M contango still tight amid backwardation from March on (unsupportive P1020 spot premiums).

More details in full report.