LME fails to confirm technical breakout; North America’s billet market deteriorates further

1. LME price falls amid demand contraction and long profit-taking.

2. ALERT! – MEXICO BILLET. PLUMMETS: Mexico's Veracruz billet premium gaps down to $....

3. ALERT! – US BILLET. SOMBER 2024 MOOD: Bearish sentiment impacting 2024 contractual negotiations.

4. ALERT! – EUROPE ROLLING MILL. MORE CAN CAPACITY COMING TO EUROPE: Another aluminum can investment announced by CPMC.

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

5. ALERT! – US-CHINA SCRAP. A NEW TREND? Small lots of US wrought scrap flow to China.

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

6. ALERT! – MEXICO SECONDARY SCRAP. INCHING UP: Old cast finds footing, import arbitrage still open.

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

7. GREEN ALUMINUM MONITOR. Recycling more aluminum cans.

For more details, subscribe to HARBOR’s specialized “Green Aluminum Monitor” reports.

8. LME Cash-3M contango widens from tightest in four months; tight nearby and far-end spreads are still bearish for premiums.

9. The Shanghai Futures Exchange (SHFE) was closed today due to China’s National Day weeklong holiday. Trading will resume on Monday, October 9.