1. LME price fails to extend Friday’s spike amid LME’s decision not to self-sanction Russian metal; key resistance zone stands at $… per mton.
2. ALERT! – US MW PREMIUM. 19-MONTH LOWS: MW premium falls amid spike in exports to the US of exempted Section 232 origins.
3. China’s aluminum price falls to expected resistance.
4. ALERT! – MEXICO EXTRUSION SCRAP. PAUSE: UBC prices drop at the scrap dealer level as export demand weakens.
For more details, please subscribe to HARBOR’s specialized US and Mexico Aluminum Scrap Intelligence Report.
5. ALERT! – MEXICO EXTRUSION SCRAP. OUTBIDDING: Primary scrap prices supported by a couple of aggressive dealers.
For more details, please subscribe to HARBOR’s specialized US and Mexico Aluminum Scrap Intelligence Report.
6. LME Cash–3M contango steepens to the widest in five months, still insufficient for profitable financing deals.