ALERT! – BRAZIL ALUMINUM.
1. LME prices reaches the high end of the prevailing four-month trading range.
2. SHFE aluminum price reaches a fifteen-month high as China’s market closes for a weeklong holiday.
3. ALERT! – BRAZIL ALUMINUM. DECLINE CONTINUES: Brazil’s P1020 premiums reach $190 per mton.
4. ALERT! – US UBC. 2024 STALEMATE: US UBC contract talks delayed further, discounts remain steady.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
5. ALERT! – EUROPE UBC AND CLASS SCRAP. DOUBLE WHAMMY: European UBC demand deteriorating, China could become a home soon.
For more details, subscribe to HARBOR’s specialized “Europe Scrap Intelligence” reports.
6. UPDATE! – WORLD SMELTING PRODUCTION COST. COST STABILIZATION CONTINUES.
For more details on world aluminum smelting cost trends and figures, subscribe to HARBOR’s “Aluminum Smelting Cost” report.
7. LME Cash-3M contango tightens further to three-month lows, unprofitable for cash-and-carry deals.