1. LME price extends technical rebound toward $2,500-2,550 per mton zone.
LME Cash aluminum prices climbed to a fresh two-week high of $…
2. China’s aluminum prices rise but remain within their technical resistance zone.
SHFE front-month aluminum prices closed the session marginally higher at…
3. ALERT! – US TARIFFS ON CHINA. HIGHER DUTIES CONFIRMED: US Section 301 Tariff hike becomes effective in 2 weeks.
The hike in Section 301 Tariffs on China from 7.5% to… will go into effect on September 27, 2024. The increase in Section 301 duties on Chinese-origin aluminum products will impact 180k mton of…
4. ALERT! – EUROPEAN BILLET. PREMIUM FALLS FURTHER: EU billet premiums decline for second week in a row.
To see our full European Billet Market Intel and Premiums assessment, subscribe to HARBOR’s specialized “European Billet Intelligence” reports.
5. GREEN ALUMINUM MONITOR. NEW ANNOUNCED REMELT CAPACITY: Over 700k mtpy of new secondary aluminum capacity announced.
For more details, please subscribe to HARBOR’s specialized “Green Aluminum Monitor” reports.
6. SPECIAL ALERT! – US UBC. EXTREMELY TIGHT: US UBC discounts 2x tighter than in 2022.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
7. ALERT! – JAPAN ADC12. RALLY FADES: Japan ADC12 rally fizzles on flat demand.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
8. LME Cash-3M contango tightens to three-week lows amid a steeper October backwardation (bearish premiums).
The Cash-3M contango closed the week narrowing to a three-week low of $…