LME price down 2% on demand outlook deterioration; Mounting bearish conditions in North American FRP market
September 15, 2022
ALERT! – NORTH AMERICA ROLLING MILL.
1. LME price falls back toward seventeen-month lows amid worsening demand outlook.
2. ALERT! – NORTH AMERICA ROLLING MILL. DARK CLOUDS: Bearish common alloy prices amid demand deterioration and falling freight rates
For more details, please subscribe to HARBOR’s specialized Aluminum Rolled Products Intelligence Report.
3. RERUN: ALERT! – CHINA ALUMINUM. SURPLUS NEVERTHELESS: China’s Yunnan will expand aluminum production by 2 million mtpy in Q4 despite low water levels.
For more details, please see HARBOR’s Alert! – China Aluminum released on September 13.
4. China’s aluminum prices retreating toward interim support.
5. LME Cash–3M contango widens further amid additional inventory buildups in Asia.