1. LME Cash price extends decline toward three-month lows amid end-user demand contraction and bearish technicals. Confirmation of a break below key support at $2,500 per mton will open door for a $…
LME Cash aluminum prices closed today’s session at $… per mton, down 1.2% or $… per mton. Prices fell to a near-three-month low amid fresh evidence of manufacturing activity contraction in the US, Europe, and Northern Asia and lingering uncertainty about the upcoming US “reciprocal” tariffs announcement due tomorrow.
2. China’s aluminum price nears two-month lows.
Prices remain below… yuan per mton. SHFE front-month aluminum prices closed the session down 0.1% at… yuan per mton and fell further in after-hours trading toward a near-two-month low of… yuan per mton . Prices reversed initial price support from…
3. ALERT & ANALYSIS! – US FOIL/FINSTOCK. NOVELIS CLOSES TWO US PLANTS: US finstock market expected to be impacted the most.
For more details, subscribe to HARBOR’s specialized “Aluminum Rolled Products Intelligence” Report.
4. ALERT! – EUROPEAN SCRAP OUTFLOWS. RECORD SCRAP EXPORTS: Europe aluminum scrap exports up 20% y/y.
For more details, subscribe to HARBOR’s specialized “ Europe Scrap Intelligence” reports.
5. LME Cash-3M contango widens to nine-week highs but remains uneconomic for inventory financing (bearish P1020 premiums).
The Cash-3M contango widened to a nine-week high of $… per mton from $… per mton previously as conditions continued easing through June. The April–May contango widened to $…