1. ALERT! – LME PRICE. As HARBOR anticipated twelve months ago, LME Cash aluminum prices have reached the $2,300 per mton value zone again after plunging $400 per mton in the last two months. Our models indicate we have entered “value” zone for buyers. We see relevant support at the $… per mton zone amid expectations of higher prices in H2 2025 and 2026.
LME Cash aluminum prices closed today at a new six-month low of $… per mton, down 3.1% or $… per mton from yesterday, and reaching HARBOR’s forecasted price and “value” zone of $2,300-2,350 per mton. Aluminum prices fell for a…
2. ALERT! – US TARIFFS. TARIFF INFLATION? US all-in prices unchanged since Tariffs news, down in Europe.
Since the announcement of the new Section 232 Tariff regime, the sharp increase in the MW Premium has been offset by a…
3. ALERT! – US SCRAP. MINIMAL IMPACT: Reciprocal US Tariffs to have minimal impact on scrap.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
4. ALERT! – MEXICO SCRAP. EARLY SPRINGBREAK? Plunging prices force dealers to shut down.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
5. ALERT! – EUROPEAN BILLET. PESSIMISM EXTENDS: Summer demand seasonality is a “no show”.
To see our full European Billet Market Intel and Premiums assessment, subscribe to HARBOR’s specialized “European Billet Intelligence” reports.
6. ALERT! – EUROPE D226. BEARISH HIT: US auto Tariffs exert additional pressure on EU auto sector.
For more details, subscribe to HARBOR’s specialized “Europe Scrap Intelligence” reports.
7. LME Cash-3M contango widens to multi-month highs, supportive of inventory financing.
The Cash-3M contango widened to $… per mton, the steepest contango since late December 2024, from $… per mton previously. The April–May contango steepened to $…
8. The Shanghai Futures Exchange (SHFE) was closed today due to the Tomb-Sweeping holiday. Trading will resume on Monday, April 7, 2025.