1. LME price falls amid technical selling pressure.
LME 3M aluminum prices closed the session down 0.7% or $… per mton, at $… per mton. LME Cash aluminum prices fell by $20 per mton to $… per mton. Prices experienced downward pressure during…
2. China’s aluminum prices edge higher to a new four-week high.
SHFE front-month aluminum prices closed today’s session up 0.2% at… yuan per mton, but trimmed gains in after-hours as…
3. LME Cash-3M contango widens to three-week highs, becoming supportive for inventory financing deals.
The Cash-3M contango steepened sharply to $.. per mton, from a near-three-month low of $… per mton previously, amid tomorrow’s settlement of January’s third Wednesday contract. The January–February contango widened to…
4. ALERT! – MEXICO UBC MARKET. BACK IN FULL STEAM: Demand for UBCs picks up, prices at new two-year highs.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
5. ALERT! – ALERT! US TWITCH. SCROUNGING FOR UNITS: Twitch up on thin supply, but little else.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence”report.