1. LME price up to the midpoint of $2,750-2,500 per mton range.
LME 3M aluminum price closed the session up 1.3% or $… per mton at $… per mton. Prices extended yesterday’s gains amid continued concerns about the…
2. China’s aluminum prices up to a five-week high.
SHFE front-month aluminum prices closed today’s session up 1.0% at… yuan per mton and extended gains in after-hours until reaching a five-week high of… yuan per mton…
3. ALERT! – EUROPEAN PFA. FURTHER DOWN: EU spot PFA premiums decline to as low as $… per mton.
Spot PFA premiums decline to lowest level in… months, amid prolonged regional auto industry…
4. ALERT! – US PLATE. US IMPORTS OF CHINESE PLATE STILL VIABLE: Increase in US Plate prices still attracting some Chinese units.
For more details, subscribe to HARBOR’s specialized “Aluminum Rolled Products Intelligence” Report.
5. ALERT! – US EXTRUSION SCRAP. WEAK START: Extrusion scrap slides in January.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence”report.
6. ALERT! – GREEN ALUMINUM. FIRST $10 MILLION AWARD: Century Aluminum’s green aluminum smelter project set to begin.
For more details, subscribe to HARBOR’s specialized “Green Aluminum Monitor” report.
7. LME Cash-3M and far-end contangos continue tightening towards single-digits (bearish P1020 premiums).
The Cash-3M contango tightened further to a three-month low of $… per mton (a 1.6% annualized yield), from $… per mton previously, as conditions tightened ahead of March’s backwardation. The Cash–February contango narrowed to $…