1. LME price falls to a ten-week low, approaching the low end of the $2,500-2,750 per mton trading range amid the strongest speculative selling in two years and lower alumina prices.
LME Cash aluminum prices closed the session down 1.5% or $… per mton or at $… per mton. Prices fell along with the base metals complex, following the strongest speculative selling (CTAs) of aluminum long positions in almost two years while…
2. China’s aluminum prices test support.
SHFE front-month aluminum prices closed today’s session up 0.5% at… yuan per mton, but erased gains in after-hours trading, retracing to one-week lows of.. yuan per mton.
3. ALERT! – US BILLET. EYES ON APRIL 2nd: Market awaiting reciprocal Tariffs news on April 2nd
Uncertainty prevails as US reciprocal duty announcement on April 2ndapproaches, while …
4. RERUN: ALERT! – US MW PREMIUM. ONLY UPSIDE? Return of contango and April 2nd set to pressure up the MWP.
For more details, please see HARBOR’s “ALERT! – US MW Premium” released yesterday.
5. ALERT! – EUROPEAN EXTRUSION SCRAP. LESS SCRAP, MORE P1020: More P1020 around regardless of “green” efforts.
For more details, subscribe to HARBOR’s specialized “Europe Scrap Intelligence” reports.
6. UPDATE! – WORLD SMELTING PRODUCTION COSTS. FALLING FURTHER.
A 50% plunge in alumina prices has pushed the world’s smelting cash cost down to ten-month lows, boosting world smelting profitability toward 3-year highs. For more details, subscribe to HARBOR’s “Aluminum Smelting Cost” report.
7. LME Cash-3M contango narrows further; re-warranting activity spikes in Asia.
The Cash-3M contango narrowed to $… per mton from $… per mton on Wednesday. The backwardation ahead of April loosened to $… per mton from $… per mton yesterday, but…