LME price confirms bearish target of $… per mton; Contango yield narrows toward break-even levels

1. ALERT! – LME PRICE. BEARISH SIGNAL: LME aluminum prices are now technically looking for $… per mton as the next target.

2. SHFE aluminum prices slide to one-month lows as trading resumes.

3. ALERT! – MEXICO SECONDARY SCRAP ALERT. Secondary smelters favoring imported secondary scrap units.

For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.

4. LME Cash-3M contango narrows for the fifth straight session but remains supportive for financing deals.