1. LME price continued to face profit-taking selling after failing to break above $2,700 per mton earlier this week. LME at the midpoint 9f the $2,500-2,700 per nton range.
LME 3M aluminum prices closed at a one-week low of $… per mton, down 0.5% or $… per mton from yesterday. Prices fell along with the base metals complex amid renewed concerns about US tariffs on China after…
2. China’s aluminum prices fall to one-week lows amid US tariffs concerns.
SHFE front-month aluminum prices closed today’s session down 0.5% at… yuan per mton, sliding further in after-hours to… yuan per mton. Prices faced downward pressure as…
3. RERUN: ALERT! – EUROPEAN PFA. ONE-YEAR LOWS: EU spot PFA premiums decline to as low as $480.
For more details, please see HARBOR’s “ALERT! – European PFA” released yesterday.
4. LME Cash-3M contango widens.
The Cash-3M contango widened further to a two-week high of $… per mton from $… per mton previously, mostly as conditions eased ahead of February. The Cash–February contango widened to…