LME price falls as demand concerns resurface; Weak European sheet demand amid high inventory levels
January 19, 2023
ALERT! – EUROPE ROLLING MILL.
1. LME price declines to one-week lows amid signs of physical demand contraction.
2. China’s aluminum prices hold at the upper end of their six-month trading range.
3. ALERT! – EUROPE ROLLING MILL. WEAK Q1 SHEET DEMAND: Demand down, European consumers mostly consuming metal out of their inventories.
For more details, please subscribe to HARBOR’s specialized Aluminum Rolled Products Intelligence Report.
4. ALERT! – US ROLLING MILL. US FOIL MILL REOPENS: St. Louis foil mill reopens as Gateway Aluminum.
For more details, please subscribe to HARBOR’s specialized Aluminum Rolled Products Intelligence Report.
5. LME Cash–3M contango widens to a one-week high; far end contango widens for the first time in eleven sessions.