1. LME price falls $… per mton on speculative selling around $… per mton. Range-trading pattern continues to hold between $2,500 and $2,750 per mton.
LME 3M aluminum prices closed the session down 1.7% or $… per mton, at $… per mton. Prices declined for most of today’s session amid technical resistance at $…
2. China’s aluminum prices fell further from recent six-week highs.
SHFE front-month aluminum prices closed today’s session marginally lower at… yuan per mton, extending losses in after-hours to… yuan per mton. Prices faced downward pressure from weaker demand sentiment toward…
3. ALERT! – EUROPEAN PFA. ONE-YEAR LOWS: EU spot PFA premiums decline to as low as $…
Spot PFA premiums decline to lowest level in a year, as contracting auto production, oversupply and bearish PFA demand outlook bite.
4. ALERT! – GREEN ALUMINUM. SUPPORTING THE TRANSITION: Australia pledges $… billion to support green smelters.
For more details, subscribe to HARBOR’s specialized “Green Aluminum Monitor” reports.
5. LME Cash-3M widens sharply but remains uneconomic for inventory financing deals (bearish P1020 premiums).
The Cash-3M contango widened sharply to a two-week high of $… per mton from Monday’s three-month low of $… per mton. Nearby conditions loosened sharply as the March–April backwardation eased to $…