1. LME 3M price reaches five-month lows, testing the low-end of the $… per mton range. Break below this level would increase the odds of a price fall toward $…per mton.
LME Cash aluminum prices fell today 0.2% and closed at $… per mton. Meanwhile, LME 3M aluminum prices closed down 0.3% at $… per mton. Prices fell along with most of the base metals complex amid a strengthening of the US dollar toward recent two-year highs, after last week’s Federal Reserve interest rate projections signaling fewer interest rate cuts. However, LME 3M prices managed to…
2. China’s aluminum price retreats toward three-month lows.
SHFE front-month prices closed 0.1% higher from Friday at… yuan per mton but reversed gains in after-hours trading until nearing a three-month intraday low of … yuan per mton reached last Thursday. Today, prices faced…
3. ALERT! – US ROLLING MILL. EXPANDING IN CANADA: AA Metals to acquire shares of Métallifer Aluminium.
For more details, subscribe to HARBOR’s specialized “Aluminum Rolled Products Intelligence” Report.
4 LME Cash-3M contango tightens to two-week lows but remains supportive of financing deals amid ample metal availability (supportive for P1020 premiums).
The Cash-3M contango narrowed to $… per mton (a 6.0% annualized yield) from Friday’s $… per mton. The January–February contango narrowed to $…