LME price down; US billet upcharge falls while extrusion scrap discounts widen

January 26, 2023

ALERT! – US BILLET.

1. LME prices remain stalled below multi-month highs reached last week.

2. ALERT! – US BILLET. FALL REACHES... cent/lb: US spot billet upcharge reaches... cent/lb amid spike in journalistic MW premium.

3. ALERT! - US 6063 SCRAP. MORE WIDENING: 6063 extrusion scrap discounts reach the widest since 2019

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

4. SPECIAL ALERT! – US SCRAP. NEW SOURCE OF DEMAND.Demand for low-iron alloys fueling competition for scrap wheel units

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

5. LME Cash–3M contango widens sharply amid inventory inflows, now at break-even for cash and carry deals.

6. The Shanghai Futures Exchange (SHFE) was closed due to China’s weeklong New Year holiday. Trading will resume on Monday, January 30, 2023.

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