LME price declines further; US PFA imports facing shipment delays from Middle East
1. LME Cash price down to $… per mton amid profit-taking selling and demand contraction signals. A breach of short-term support at $… per mton would restore bearish range-trading conditions.
2. China’s aluminum price falls back inside its one-year-old trading range.
3. ALERT! – US PFA. PFA MOST EXPOSED: North American PFA imports among primary aluminum VAPs most exposed to Middle East issues.
4. ALERT! – CHINA ALUMINA. TWO-YEAR HIGHS: China’s alumina price rally approaching two-year high.
For more details, subscribe to HARBOR’s “Alumina & Bauxite Intelligence” reports.
5. ALERT! – US MLC/SIDING. TIGHTENING: Spot MLC and painted siding spreads narrow.
Mills tighten spreads after sleepy Q4. For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence”report.
6. LME Cash-3M contango remains supportive for short-term cash-and-carry deals amid a steep January-March contango.