LME price falls to three-week lows; European slab demand conditions deteriorate

1. LME prices down to three-week low amid demand contraction and growing conviction of a challenging 2023.

2. China’s aluminum price down to five-week low

3. ALERT! – EUROPE SLAB. TOUGH TIMES. Challenging slab demand conditions for H1 2023.

4. LME Cash–3M contango narrows marginally, remains near seven-year high.

5. RERUN: ALERT! – MEXICO SCRAP. YEAR-END. Scrap activity slowing down considerably ahead of the holiday season.

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