1. LME prices fall in week by the most in six months, testing now the key $2,500-2,550 per mton support zone.
LME Cash aluminum prices closed the session down 0.5% or $… per mton, at $… per mton, testing key support levels. Prices were dragged down by ongoing speculative selling. Meanwhile, LME 3M aluminum prices fell to two-month intraday lows of $…
2. China’s aluminum prices fall to fresh three-week lows.
SHFE front-month aluminum prices closed the session down 0.8% at a three-week low close of… yuan per mton. Prices continued to face selling pressure amid…
3. UPDATE! – ALUMINA PRICE. NEW LOWS. Alumina price now below $400 per mton, as HARBOR anticipated.
For more details, subscribe to HARBOR’s “Alumina & Bauxite Intelligence” report.
4. ALERT! – EUROPE D226 & SECONDARY SCRAP. TRADING SIDEWAYS: Tightness lingers, scrap and ingot prices hold still.
For more details, subscribe to HARBOR’s specialized “Europe Scrap Intelligence” reports.
5. ALERT! – US CLASS SCRAP. BUYBACKS SUFFICIENT: Class scrap pricing returns to one-year lows.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
6. LME Cash-3M contango narrows further despite continued re-warranting activity in Asia.
The Cash-3M contango closed the week narrowing to $… per mton from $… per mton on Thursday. The backwardation ahead of April flattened to $…