LME price expected bounce continues; Brazil’s P1020 spot premiums at two-year lows

1. LME price tests three-week highs, trading within HARBOR’s forecasted short-term trading range of $… per mton.

2. China’s aluminum prices nearing the upper end of their seven-month-old trading range.

3. ALERT! – BRAZIL. WEAKENING SPIRAL: Brazil’s spot P1020 premiums at two-year lows.

4. UPDATE! – WORLD SMELTING PRODUCTION COST. PLUNGING: World aluminum production costs at a ten-month low.

For more details on world aluminum smelting cost trends and figures, subscribe to HARBOR’s “Aluminum Smelting Cost” report.

5. LME Cash–3M contango yield remains near multi-year highs, far-end contango tightens below break-even levels.