1. LME price rebounds despite plunge in oil prices.
LME Cash aluminum prices closed the session up 1.5% or $… per mton, at $… per mton. Aluminum prices increased today along with the base metals complex after China reaffirmed its…
2. ALERT! – US BILLET. TARIFF IMPACT: US extruders see demand up by double digit rates.
US extrusion Tariff-induced demand recovery continues, with some US extruders experiencing double digit order increases as high as…
3. ALERT! – US ROLLING MILL. THREATENS FRP PRICING: MW premium spike (on Canadian Tariff) benefits offshore mills.
For more details, subscribe to HARBOR’s specialized “Aluminum Rolled Products Intelligence” Report.
4. ALERT! – CANADA/MEXICO SCRAP. SCRAP EXPORTS HALTED: Mexico, Canada scrap exports to the US stop for now.
For more details, subscribe to HARBOR’s specialized “ US and Mexico Aluminum Scrap Intelligence” report.
5. LME Cash-3M backwardation narrows to single digit for the first time in eight sessions (still bearish P1020 premiums).
The Cash-3M backwardation narrowed further to a one-week low of $… per mton from $… per mton previously. The Cash-March contango continued to widen to one-month highs of $…
6. China’s aluminum prices trimmed losses amid domestic demand hopes.
SHFE front-month aluminum prices closed today’s session down 0.3% at… yuan per mton. Prices initially declined as oil plunged to a three-year low but later rebounded in after-hours to …