LME price finally up after eight sessions of losses; European slab market at a crossroad

1. LME price up $... per mton after losing $... per mton in an eight-session long streak of losses.

2. China’s aluminum prices up to a one-week high.

3. EUROPE SLAB ALERT. SHIFTING PRIORITIES: European slab market is adjusting to changing market dynamics amid 2023 contractual negotiations.

4. EUROPEAN BILLET ALERT. FALL REACHES $... European billet premiums fall to $... per mton; demand contraction overshadows domestic billet curtailments.

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

5. ALUMINA ALERT. BEARISH SENTIMENT: Alumina price correction expected in China.

For more details, please subscribe to HARBOR’s specialized Alumina Intelligence Report.

6. LME Cash–3M contango widens further as October–November backwardation nearly dissipates.