1. LME price drops 1.2% w/w, after failing again to conquer the high end of the prevailing trading range.
LME Cash aluminum prices ticked down to $… per mton, down 0.1% from yesterday and 1.2% lower w/w. Today, prices faced downward pressure amid a two-year high US dollar and downbeat European manufacturing activity data. Nevertheless…
2. China’s aluminum price support holds ahead of China export VAT removal.
SHFE front-month aluminum prices closed at… yuan per mton…
3. ALERT! – MATING SEASON SERIES – US UBC. 2025 annual UBC contract talks favor spot business.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
4. ALERT! – MATING SEASON SERIES – EUROPE D226. NOT BUDGING: Contractual deals remain stalled; spot activity plummets.
For more details, subscribe to HARBOR’s specialized “Europe Scrap Intelligence” reports.
5. UPDATE! – SMELTING PRODUCTION COSTS. TWO-YEAR HIGH: World smelting costs jump.
For more details, subscribe to HARBOR’s specialized “Aluminum Smelting Cost” report.
6. ALERT! – ALUMINA PRICE. NEW HIGHS: Alumina price rally reaches $785 per mton.
For more details, subscribe to HARBOR’s “Alumina & Bauxite Intelligence” reports.
7. LME Cash–3M contango closes the week at one-week highs, still unattractive for cash-and-carry deals (bearish P1020 premiums).
The Cash-3M contango closed the week widening to a one-week high of $… per mton (a 5.4% annualized yield) from $… per mton previously.