Potential P1020 and slab disruptions in Canada; European foundry and billet premiums jump; LME price consolidating short-term support
1. LME prices rally with thin volumes, targeting $... per mton.
2. SHFE aluminum prices rise marginally as technical support prevails.
3. US MW PREMIUM & SLAB ALERT. ANOTHER BULLISH THREAT TO PREMIUMS: Kitimat smelter receives strike notice that could impact MW and slab premiums and some US rolling mills.
4 EUROPE PFA ALERT.SIX-YEAR HIGH: European PFA spot premiums jump as high as $... per mton.
5. EUROPEAN BILLET UPDATE. UNPRECEDENTED: Q4 contractual billet premiums reach $... per mton.
To see our full European Billet Market Intel and Premiums assessment, please subscribe to our specialized European Billet Intelligence Report.
6. WORLD ROLLING MILL ALERT. DOUBLING DOWN ON AUTOSHEET: Nanshan to double autosheet production in China.
For more details, please subscribe to our specialized Aluminum Rolled Products Intelligence Report.
7. MW PREMIUM & APEX ACT ALERT. APEX ACT RE-INTRODUCED IN SENATE: Senators introduce Legislation to provide oversight over MW Premium benchmarking.
More details in full report.