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LME price down further as market fear rises; scrap demand plunges in N. America and Europe

EUROPE SCRAP ALERT.

1. LME prices confirm decline below $... per mton and $... per mton next target.

2. China’s aluminum prices fall to a three-week low.

3. EUROPE SCRAP ALERT. NOT GOOD: Falling demand, falling scrap generation, no transactions and blurry outlook.

For more details, please subscribe to our specialized Europe Scrap Intelligence Report.

4. US SCRAP ALERT. NO APPETITE: Demand for most scrap items has plummeted.

For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.

5. MEXICO SCRAP ALERT. WORSENING: Scrap dealers adjusting to lower prices and falling demand.

For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.

6. LME Cash–3M contango widens but still uneconomic for cash-and-carry deals.