1. LME prices fall for a second consecutive session amid US-Russia-Ukraine peace talks.
LME Cash aluminum prices closed the session down 0.9% or $… per mton, at $… per mton. Meanwhile, LME 3M aluminum prices fell by 1.2% or $… per mton, at $… per mton. Prices continued to retrace from…
2. ALERT! – US BILLET. BULLISH TREND CONTINUES: US spot billet upcharge rises to… cent/lb.
As anticipated by HARBOR, US billet upcharge continues to rise on the back of recently announced US Tariff of 25% on all aluminum imports. US-based extrusion demand improving.
3. RERUN: ALERT! – EUROPEAN BILLET. BEARISH BILLET OUTLOOK: Billet poor demand visibility lingers, UK premiums down.
To see our full European Billet Market Intel and Premiums assessment, subscribe to HARBOR’s specialized “European Billet Intelligence” reports.
4. RERUN: ALERT! – EUROPE D226 & SECONDARY SCRAP. SCARCITY IS KING: Secondary scrap supply is tight and Asian markets outbid.
For more details, subscribe to HARBOR’s specialized “ Europe Scrap Intelligence” reports.
5. China’s aluminum price declines, erasing most of last week’s gains.
SHFE front-month aluminum prices closed today’s session down 0.8% at… yuan per mton, extending losses in after-hours to… yuan per mton, nearly reversing last week’s rally. Prices faced downward pressure as LME aluminum retreated…
6. LME Cash-3M backwardation intensifies from one-week lows (bearish P1020 premiums).
The Cash-3M backwardation intensified to $… per mton from Friday’s one-week low of $… per mton. The March–April backwardation widened to $…