1. LME Cash price has declined 2.9% in two days after a failed attempt to break above $2,700 per mton.
Prices fell back within the interim $2,500-2,550 per mton technical support zone amid…
2. China’s aluminum prices fall as demand optimism fades.
SHFE front-month aluminum closed the session down 0.5% at… yuan per mton
3. ALERT! – ALUMINA. ALUMINA SPIKES: Alumina prices reach $… per mton on Guinea export issues.
For more details, subscribe to HARBOR’s specialized “Aluminum Rolled Products Intelligence” Report.
4. ALERT! MEXICO P1020. BIG JUMP: Mexico’s P1020 spot & 2025 contracts at two-year highs.
Spot premiums and contractual offers for 2025 jump amid higher premiums in Europe and Japan, less appetite to sell to the Mexican market, and a lack of promptly available units at Mexican ports.
5. ALERT! MEXICO BILLET. OFFERS FOR 2025 ARE WAY HIGHER: Mexico’s billet premiums for 2025 spike vs 2024.
Contractual 2025 billet offers spike relative to 2024 levels…
6. RERUN: SPECIAL ALERT! – US ROLLING MILLS. S.232 APPROVALS CRATER: 10% duty exemption approvals plummet for aluminum sheets/plates.
For more details, subscribe to HARBOR’s specialized “Aluminum Rolled Products Intelligence” Report.
7. LME Cash–3M contango narrows from two-month highs, remains unattractive for inventory financing.
The Cash-3M contango narrowed to $… per mton (a 5.1% annualized yield), from Monday’s two-month high of $…