1. LME price unchanged and below prevailing cycle resistance zone as Chinese markets reopen tomorrow.
LME Cash aluminum prices closed practically unchanged at $2,645 per mton, rising marginally by…
2. LME Cash–3M contango widens despite an intensifying October backwardation (bearish for P1020 premiums).
The Cash-3M contango widened to $13.03 per mton (a 2.0% annualized yield), from…
3. ALERT! – MEXICO UBC MARKET. CHINA IS HERE: UBC prices reach two-year highs as competition intensifies.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
4. GREEN ALUMINUM MONITOR. RELENTLESS PURSUE OF GREEN: Going all out to access more scrap and be greener.
For more details, subscribe to HARBOR’s specialized “Green Aluminum Monitor” reports.
5. The Shanghai Futures Exchange (SHFE) was closed today due to China’s National Day weeklong holiday. Trading will resume on Tuesday, October 8.