Special Note: HARBOR’s Daily Aluminum Commentary will not be published on Thursday, November 28, due to the Thanksgiving holiday.
1. LME Cash price slides toward two-week lows, targeting the low end of the $2,500-2,750 per mton trading range.
LME Cash aluminum prices closed today at a nearly two-week low of $… per mton, falling by 0.7% or $18 per mton from yesterday. Aluminum prices fell mainly during the…
2. China’s aluminum price declines toward a two-week low support zone.
SHFE front-month aluminum prices closed today’s session marginally down at.. yuan per mton…
3. SPECIAL ANALYSIS– US BILLET. TRUMP’S BULLISH TARIFF THREAT: Likely short and long-term impact on the US billet market.
Trump’s 25% import threat against Canada is set to further extend an already long 2025 billet mating season, psychologically pressuring up US MW P1020 Duty-Paid Spot Premiums and Billet Upcharges and…
4. ALERT! – US TWITCH. REBOUND ON WEAK SUPPLY: Twitch prices rise in the thin zorba market.
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5. The LME Cash–3M contango widens marginally but remains well below breakeven levels for financing deals (bearish P1020 premiums).
The Cash-3M contango continued widening, reaching $… per mton (a 4.7% annualized yield) from yesterday’s contango of $… per mton amid further…