1. LME price retreats and continues to trade near the low end of the $2,500-2,750 per mton trading range.
LME Cash aluminum prices fell by 0.4% or $10 per mton, closing at $… per mton. Prices gave back some of Tuesday’s gains amid downbeat Chinese industrial…
2. China’s aluminum price falls to fresh three-month lows, technically in bearish mode.
SHFE front-month prices closed today’s session down 0.2% at… yuan per mton, hitting a fresh three-month low as Chinese industrial…
3. ALERT! – US BILLET. NINE-YEAR LOWS: US offshore billet imports fall further in 2024 (as anticipated).
US billet imports from off-shore origins declined to the lowest level in 9 years, while North American extrusion press utilization lingers…
4. ALERT! – EUROPEAN BILLET. QUIET YEAR-END: February contracts closed; spot premiums unchanged.
To see our full European Billet Market Intel and Premiums assessment, subscribe to HARBOR’s specialized “European Billet Intelligence” reports.
5. ALERT! – MJP P1020 PREMIUM. CHINA’S VAT EXPORT REBATE REMOVAL? Q1 MJP P1020 premiums spikes to $… per mton.
MJP quarterly premium spikes to nine-year high amid uncertainty related to the effects of China’s VAT export rebate removal. Our latest confirmation of Q1 2025 MJP quarterly premiums…
6. ALERT! – US FOIL. ANTIDUMPING DUTIES CONFIRMED: Chinese foil containers get provisional AD duty of 193%-287%.
For more details, subscribe to HARBOR’s specialized “Aluminum Rolled Products Intelligence” Report.
7. UPDATE! – ALUMINA PRICE. FALLING FURTHER: Alumina price drops to $672 per mton.
For more details, subscribe to HARBOR’s “Alumina & Bauxite Intelligence” reports.
8. LME Cash-3M contango widens from three-week lows, remains uneconomic (bearish P1020 premiums).
The Cash-3M contango closed the week widening to $… per mton from $… per mton previously, as conditions eased after…