ALERT! – US ZORBA.
January 31, 2024
1. LME price remains trading inside the $… per mton range.
2. China’s aluminum price hovers around the… yuan per mton zone.
3. ALERT! – US ZORBA. NOT ENOUGH ZORBA: US buyers, Thailand & Malaysia competing for fewer units.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
4. LME Cash-3M contango narrows amid another spike in canceled warrants; spreads remain uneconomic for cash-and-carry deals (bearish P1020 premiums).