1. LME price continues trading at the midpoint of the $2,500-2,750 per mton trading range, closing the week with a $… per mton loss.
LME 3M aluminum prices closed the session up 0.7% or $… per mton, at $… per mton. LME Cash prices were up 0.7% to $…per mton. Prices increased today in tandem with the base metals complex following President Trump’s comments that he would “rather not have to use” tariffs on China. Nevertheless, LME aluminum prices…
2. China’s aluminum price rises from two-week lows.
SHFE front-month aluminum prices ended today’s session up 0.4% to… yuan per mton, extending gains to… yuan per mton in after-hours. Prices rose along with the…
3. UPDATE! – ALUMINA PRICE. SLIDING FURTHER: Alumina falls below $…
LME alumina price reached this week a new three-month low of $.. per mton, down 8% w/w, 16% lower so far January, and 29% below December’s peak. The alumina price fall has…
4. ALERT! – US ROLLING MILL. ADI BEGINS MILL COMMISSIONING: New 650 ktpy mill starts shipping common alloy coils by July.
For more details, subscribe to HARBOR’s specialized “Aluminum Rolled Products Intelligence” Report.
5. ALERT! – EUROPE SCRAP. WIDESPREAD PRESSURE: Billet remelters and secondary producers stay in red.
For more details, subscribe to HARBOR’s specialized “ Europe Scrap Intelligence” report.
6. ALERT! – EUROPEAN BILLET. LOWER LOWS: Spot billet premiums decline further, eyes $… per mton.
To see our full European Billet Market Intel and Premiums assessment, subscribe to HARBOR’s specialized “European Billet Intelligence” report.
7. LME Cash-3M contango tightens to three-month lows, uneconomic for inventory financing (bearish P1020 premiums).
The Cash-3M contango closed the week tightening to a three-month low of $… per mton (a 1.1% annualized yield) from $… per mton previously. The Cash–3M contango yield stands well…