1. LME price closes at a 32-month high $… per mton, an important cyclical level that has prevailed over the last two years. Breach would open door for prices to rally to as high as $… per mton.
LME Cash aluminum prices closed today at a 32-month high of $… per mton, up 1.3% or $36 per mton from yesterday. Meanwhile, LME 3M aluminum prices closed at a new eight-month high of $… per mton (up 1.5%). Aluminum price gains remained driven by yesterday’s reports that..
2. ALERT! – US MW PREMIUM. RECORD SPIKE: MW spot premium skyrockets to… cent/lb amid US 25%Tariff.
Confirmed transactional activity taking place at up to… cent/lb. As HARBOR anticipated, the MWP has spiked toward our estimated post-new-tariff level of… cent/lb but…
3. LME 3M-15M backwardation intensifies; Cash-3M “back” still in double digits (bearish P1020 premiums).
The Cash-3M backwardation eased slightly to $… per mton from $… per mton previously. The March–April backwardation eased to…
4. China’s aluminum price rose to a fresh three-month high.
SHFE front-month aluminum prices closed today’s session up 0.5% at… yuan per mton, a new three-month high. Prices found support from comments by President Trump indicating that a trade deal with China is possible, while LME Cash aluminum prices climbed to…