1. LME Cash price reverses gains accumulated earlier in the week and falls closer to low end of the predominating trading range.
LME Cash aluminum prices closed the session down 1.6% or $41 per mton, at $… per mton. Aluminum underperformed the base metals complex during today’s session, further reversing gains experienced earlier this week.
2. China’s aluminum prices fall toward two-month lows.
SHFE front-month aluminum prices closed today’s session down by 0.9% at… yuan per mton, pressured by persistent domestic demand concerns and falling oil prices. In after hours, prices…
3. ALERT! – EUROPE P1020. BEARISHNESS: Europe P1020 premiums flat while bearishness intensifies.
European P1020 premiums continue trading sideways as bearish pressure increases. HARBOR’s European in-warehouse Rotterdam P1020 ingot duty-paid spot transaction premium…
4. ALERT! – EUROPEAN BILLET. FALL CONTINUES: Q1 billet premiums reach $… per mton.
To see our full European Billet Market Intel and Premiums assessment, subscribe to HARBOR’s specialized “European Billet Intelligence” reports.
5. ALERT! – EUROPE D226. DOUBLE WHAMMY: Secondary smelting economics remain in the red.
For more details, subscribe to HARBOR’s specialized “Europe Scrap Intelligence” reports.
6. RERUN: ALERT! – US MAGNESIUM. RISKS AHEAD IN 2025: US magnesium market vulnerable to supply and price shock.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
7. ALERT! – ALUMINA PRICE. NEW HIGHS: Alumina price rally surpasses the $800 per mton mark.
For more details, subscribe to HARBOR’s “ Alumina & Bauxite Intelligence” reports.
8. UPDATE! – PRODUCTION COSTS. FOR WORLD SMELTING. CLIMBING HIGHER: Uptick in alumina cost pushes world smelting cost to a 21-month high.
For more details on world aluminum smelting cost trends and figures, subscribe to HARBOR’s “Aluminum Smelting Cost” report.
9. The LME Cash–3M contango widens to two-week highs, still uneconomic for financing deals (bearish P1020 premiums).
The Cash-3M contango closed the week widening sharply to a two-week high of $… per mton (a 4.9% annualized yield) from $… per mton previously.