LME price closes week below $... per mton; SHFE technical indicators turn more bearish

1. LME Cash aluminum falls further amid inventory buildups, closes the week below HARBOR’s $... per mton and has door open to $... per mton.

2. China’s aluminum price up from three-month lows, but medium-term technical outlook weakens further.

3. SPECIAL ALERT & ANALYSIS! – US ROLLING MILL. 3105 COIL PRICES FALL FURTHER.

For more details, please subscribe to HARBOR’s specialized “Aluminum Rolled Products Intelligence” Report.

4. ALERT! – MEXICO UBC. MORE EXPENSIVE IN MEXICO: UBC prices in Mexico rise to four-month highs outbidding the US market.

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

5. ALERT! – MEXICO SECONDARY SCRAP. WIDE OPEN ARBITRAGE: Imports of secondary scrap units continue to dampen Mexican demand.

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

6. ALERT! - EUROPE SCRAP. INDIA CHASING AFTER EUROPEAN EXTRUSION SCRAP.

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

7. UPDATE!–PRODUCTION COSTS. FOR WORLD SMELTING.  LEVELING OFF: World primary aluminum production costs hold near two-year lows.

For more details on world aluminum smelting cost trends and figures, subscribe to HARBOR’s “Aluminum Smelting Cost” report.

8. LME Cash-3M contango widens sharply amid LME inventory inflows.