1. SPECIAL ALERT! – US EXTRUSIONS. SHOCKING BEARISH REVERSAL FOR BILLET: No AD/CV duties will be imposed on US imports of extrusions.
The US International Trade Commission has issued a negative final determination on AD/CVD duties regarding imports of aluminum extrusions from fourteen countries…
2. LME price falls 1.6% amid a lack of bullish catalysts.
Prices closed at their lowest in more than one week. LME Cash aluminum prices closed the session down 1.6% or $43 per mton, at $…
3. China’s aluminum prices stuck around technical resistance zone.
SHFE front-month aluminum prices closed marginally higher, at…
4. ALERT! – US A356 WHEEL SCRAP. WEAK DEMAND, WIDER DISCOUNTS: Wheel scrap discounts widen the most in two years.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
5. LME Cash–3M contango and far-end spreads widen but remain uneconomic for financing deals (bearish spot premiums).
The Cash-3M contango widened marginally to $… per mton (a 5.0% annualized yield) from $…