LME price down to two-month lows; Oversupply conditions linger in Europe’s slab market

March 8, 2023

ALERT! - EUROPE SLAB.

1. LME cash price testing two-month lows below $... per mton, targeting the $... per mton zone in the short term.

2. ALERT! - EUROPE SLAB. SUBDUED: Tough European slab demand conditions linger.

3. China’s aluminum prices up marginally from one-week lows.

4. ALERT! – US ROLLING MILL. GROUNDBREAKING: Aluminum Dynamics begins construction of new rolling mill.

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

5. RERUN: ALERT! – CHINA ALUMINUM GREEN PRODUCTION. TO BECOME WORLD’s GREENEST: Yunnan sees green smelting projects as a top priority, with more expansions coming.

For more details, please see HARBOR’s “Alert! - China Aluminum Green Production” released yesterday.

6. LME Cash–3M contango remains near fifteen-year highs amid ample metal availability.

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