ALERT! – JAPAN ADC12.
February 29, 2024
1. LME price rallies 1.9% to short-term resistance levels; underlying bearish trend remains in place.
2. China’s aluminum price rises to one-week highs.
3. ALERT! – JAPAN ADC12. INDIA GETTING MORE ATTRACTIVE: More ADC12 likely to flow to India as prices stay above Japan’s.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
4. LME Cash-3M contango narrows further from earlier six-week highs, remains attractive for cash-and-carry deals.