1. LME price drops to the low end of the $2,500-2,700 per mton trading range. Technically, a break below this level would significantly increase the odds of a price fall toward $… per mton.
LME Cash aluminum prices closed today at a one-month low of $… per mton, down 1.1% or $.. per mton from yesterday. Meanwhile, LME 3M aluminum prices closed today at $… per mton, down 0.9% from yesterday. Aluminum prices fell along with…
2. China’s aluminum price fell to a new two-month low, virtually reaching its latest bearish target.
SHFE front-month prices fell to… yuan per mton, closing Tuesday’s session at fresh two-month lows amid lingering domestic demand concerns, market talk of…
3. ALERT! – US BILLET. FRESH LOWS: US spot billet premium declines to… c/lb.
Spot billet premiums have fallen to the lowest level in 8 months amid poor demand, while…
4. ALERT! – MATING SEASON SERIES – FINAL UPDATE. ONCE BITTEN, TWICE SHY: Brokers shy away from 2025 big scrap positions, pricing up 2 pp.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
5. UPDATE! – WORLD PRODUCTION COSTS. FOR WORLD SMELTING. CORRECTION STARTED? World smelting costs fall along with alumina.
For more details on world aluminum smelting cost trends and figures, subscribe to HARBOR’s “Aluminum Smelting Cost” report.
6. LME Cash-3M contango widens on plenty supply (supportive for P1020 premiums).
The Cash-3M contango widened today to $… per mton from $… per mton previously amid ample metal availability . The Cash–January contango widened to $…