1. LME price hovering around the midpoint of its four-month-old trading range.
LME Cash aluminum prices closed the session up 0.2% or $… per mton, at $… per mton. Prices were hardly changed today amid subdued trading volumes and a lack of new developments regarding US trade/tariffs. Aluminum and the base metals complex were…
2. China’s aluminum price edge higher but remain capped by weak domestic demand.
SHFE front-month aluminum prices closed today’s session hardly changed at… yuan per mton, before climbing in after-hours to… yuan per mton. Prices rose along with the…
3. ALERT! – US MW PREMIUM. ONLY DOWNSIDE IF NOT IMPLEMENTED: MW financials pricing-in tariffs, spot activity remains absent.
While Tariffs on US imports from Canada have been delayed to March as negotiations continue, MW financials and Journalistic spot references are…
4. ALERT! –WIRE ROD. STEADY FOR NOW: EU EC rod demand supporting EC rod premiums.
EU full EC rod premiums remain steady near…, as a robust regional cable demand environment prevails, downside…
5. ALERT! – US COMMON ALLOY COIL AND FOIL. OARC announces change in leadership: Omar Al Balushi appointed Managing Director.
For more details, subscribe to HARBOR’s specialized “Aluminum Rolled Products Intelligence” Report.
6. RERUN: ALERT! – US UBC. TIME FOR PRIME: Mills begin to shun pricey UBC.
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7. LME Cash-3M backwardation persists, nearby tightness remains steep (bearish P1020 premiums).
The Cash-3M backwardation intensified to $… per mton from $… per mton on Wednesday, as contangos narrowed ahead of March. The February–March contango flattened to $…