LME price confirms fall to $... per mton range as inventories spike for a second consecutive week

February 13, 2023

ALERT! – MORE ALUMINUM BUILDUPS.

1. LME prices confirm decline to the $... per mton trading range and short-term technical bearish mode.

2. ALERT! – MORE ALUMINUM BUILDUPS. LME inventories climb... k mton, now in Malaysia.

3. ALERT! – MEGA SMELTER COMING. NEW MEGA SMELTER COMING. Adaro starts... -million-mtpy smelter in Indonesia.

4. ALERT! – SCRAP, SLAB & ROLLING MILL. SLAB REMELTER LOCATION DISCLOSED. SLP likely site of SDI’s Mexican slab remelter.

5. RERUN: ALERT! – MEXICO BILLET & P1020. UNSOLD METAL PILING UP: Billet and P1020 inventories spike at Mexican ports amid unsold metal units.

For more details, please see HARBOR’s “ALERT! – Mexico Billet & P1020” released on Friday.

6. LME Cash–3M contango tightens to a one-week low despite further inventory buildups.

7. China’s aluminum price falls to a near-one-month low.

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