LME and SHFE prices fall further as selling intensifies; US/Canada 2024 billet upcharges fall further into single-digits
1. LME prices retreat toward one-month lows below $... per mton as a bearish range-trading formation persists.
2. China’s aluminum price falls to new three-month lows amid deteriorating technicals.
3. ALERT! – US BILLET. SINGLE DIGITS IN CANADA TOO: 2024 contractual billet upcharges fall further across the board.
Canadian billet suppliers are closing business for 2024 at single digits in order to secure volume.
4. RERUN: HARBOR FIRST! - WORLD BILLET & SLAB. IT’S OFFICIAL: WORLD’S LARGEST AND GREENEST: Rio Tinto completes the strategic acquisition of 50% of Matalco.
For more details, please see HARBOR’s “Harbor First! World Billet & Slab” released last Friday.
5. ALERT! - GREEN ALUMINUM. GREEN PARTNERSHIP: Hydro partners with Volvo to lower emissions in vehicle production.
For more details, subscribe to HARBOR’s specialized “Green Aluminum Monitor” reports.
6. LME Cash-3M contango widens to +$... per mton amid growing metal avaiability.
LME and SHFE prices fall further as selling intensifies; US/Canada 2024 billet upcharges fall further into single-digits
1. LME prices retreat toward one-month lows below $... per mton as a bearish range-trading formation persists.
2. China’s aluminum price falls to new three-month lows amid deteriorating technicals.
3. ALERT! – NORTH AMERICAN BILLET. SINGLE DIGITS IN CANADA TOO: 2024 contractual billet upcharges fall further across the board.
Canadian billet suppliers are closing business for 2024 at single digits in order to secure volume.
4. RERUN: HARBOR FIRST! - WORLD BILLET & SLAB. IT’S OFFICIAL: WORLD’S LARGEST AND GREENEST: Rio Tinto completes the strategic acquisition of 50% of Matalco.
For more details, please see HARBOR’s “Harbor First! World Billet & Slab” released last Friday.
5. ALERT! - GREEN ALUMINUM. GREEN PARTNERSHIP: Hydro partners with Volvo to lower emissions in vehicle production.
For more details, subscribe to HARBOR’s specialized “Green Aluminum Monitor” reports.
6. LME Cash-3M contango widens to +$... per mton amid growing metal avaiability.