1. LME Cash price falls to a fresh two-and-a-half year low of $… per mton, approaching HARBOR’s target of $… per mton.
2. ALERT! – EUROPE PFA. GAP DOWN TO $…: European PFA spot premiums down to $.. per mton.
3. ALERT! – EXTRUSIONS MEXICO. Another extrusion plant announced in Mexico.
4. ALERT! – US UBC. PUSHING DELIVERIES OUT: UBC delivery appointments to be deferred to October.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
5. ALERT! – MEXICO UBC. DISTORTED: UBC prices at the scrap dealer level seem out of sync with consumers’ pricing.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
6. LME Cash-3M contango regains steepness amid surplus conditions, remains attractive for new cash-and-carry deals.
7. Prevailing technical resistance caps SHFE aluminum prices.