1. LME 3M aluminum price rises by 3% w/w as technical buying persists at the $2,500 per mton zone, returning to the last few months’ trading range.
LME 3M aluminum prices closed today at a three-week high of at $… per mton, up 1.3% from yesterday while rising… Meanwhile, LME Cash aluminum prices increased…
2. China’s aluminum prices climb to technical resistance levels.
SHFE front-month aluminum prices closed today’s session up 1.5% at… yuan per mton rising along with the commodities complex. SHFE aluminum prices…
3. LME Cash-3M and far-end contangos tighten sharply (bearish P1020 premiums).
The Cash-3M contango closed the week tightening to a three-month low of $… per mton from $… per mton previously, as the backwardation after March continued steepening…
4. ALERT! – US MW P1020 & VAP PREMIUMS. MARKET IS SKEPTICAL: Trump’s tariff pledge on Canada and Mexico lingers, market skeptical.
The possibility of a 25% tariff on US imports from Canada has been psychologically bullish for the MW P1020 premium, as anticipated. However, markets seem to…
5. ALERT! – US BILLET. WAITING TO GAUGE THE TRUMP IMPACT: US billet market awaiting Trump’s inauguration.
Risk-off market sentiment extends across the US billet supply chain as…
6. ALERT! – EUROPE P1020. UP BUT FOR HOW LONG? European P1020 premium inch higher after eight months of pause.
European P1020 premiums rise after eight months of a pause amid higher premium levels in Asia and the US. HARBOR’s European in-warehouse Rotterdam P1020 ingot duty-paid spot transaction premium has increased to…
7. ALERT! – EUROPEAN BILLET. BEARISH AND CAUTIOUS: Bearishness continues, Trump’s effect looms.
To see our full European Billet Market Intel and Premiums assessment, subscribe to HARBOR’s specialized “European Billet Intelligence” reports.
8. ALERT! – EUROPE D226. SLUGGISH: Secondary ingot and scrap markets barely reactivate.
For more details, subscribe to HARBOR’s specialized “Europe Scrap Intelligence” reports.
9. ALERT! – US COMMON ALLOY COIL AND FOIL. NEW CEO: Ryan Roush is JW Aluminum’s new CEO.
For more details, subscribe to HARBOR’s specialized “Aluminum Rolled Products Intelligence” Report.
10. ALERT! – US MILL-GRADE OLD SHEET. TIGHTNESS IS BACK FROM HOLIDAYS: Old sheet spikes back in January on market tightness.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
11. ALERT! – MEXICO FRP. REMOVED: Mexico lifts 30% import tariff on some aluminum container ends.
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