Bearish LME weekly close opens door for $… per mton

ALERT! – US SFA.

1. LME price breaks below the short-term narrow trading range. HARBOR continues to see LME prices target $… per mton before year-end.

2. ALERT! – US SFA. A380 CONTRACTUAL WEAKNESS: Spot and now contractual SFA demand falling.

For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.

3. ALERT! – MEXICO SECONDARY SCRAP. CANNIBALIZED: Mexican consumers keep favoring imported units over domestic supply.

For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.

4. LME Cash-3M contango widens above $… per mton, signals ample and growing metal availability.

5. SHFE aluminum prices retreat toward two-week lows.

 

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