LME prices plunge below $... per mton; European spot premiums and scrap prices spike on tightness
1. LME PRICE UPDATE. LME aluminum prices experienced their biggest selloff since April 2018 as levels above $... per mton continue to look unsustainable (as anticipated by HARBOR).
2. China’s aluminum prices fall from a nine-year high
3. LME Cash–3M spread returns to contango as “back” ahead of March eases slightly (still bullish spot premiums).
4. EUROPEAN P1020 ALERT. HIGHEST IN TWO YEARS: European P1020 premiums rise further.
5. EUROPEAN BILLET UPDATE. BILLET PREMIUMS SPIKE: Spot reaches $... per mton, early Q3 as high as $... To see our full European Billet Market Intel and Premiums assessment, please subscribe to our specialized European Billet Intelligence Report
6. EUROPEAN SCRAP MARKET. THE RALLY IS BACK: Secondary scrap and ingots prices up on Asian demand. To see our full market intel on the European scrap market, please subscribe to our specialized Europe Scrap Intelligence Report.
7. US SECONDARY ALERT. SECONDARY PRICES AT 6-YEAR HIGHS: US A380 spot prices jump to as high as $... USD per lb. For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Repor
8. US TWITCH ALUMINUM SCRAP ALERT. ASIA IS BACK… AND TWITCH PRICES JUMP: US twitch units heading to Malaysia. For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report
9. MEXICO SECONDARY ALERT. UP & UP: Mexico’s A380 prices spike to $... USD/lb. For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.
10. MEXICO P1020 ALERT. FCA Veracruz spot premiums jump to of $... per mton. For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report
11. US ALUMINUM CAN ALERT. ANOTHER CUP TO THE PARTY: CCL launches impact extruded aluminum cup. For more details, please subscribe to our specialized Aluminum Rolled Products Intelligence Report.
12. HARBOR FIRST. Tim Weiner to Join HARBOR Intelligence’s Team.
More details in full report.