1. LME price increases from yesterday’s two-week lows, now trading around the middle of the $2,500-2,700 per mton trading range.
LME Cash aluminum prices closed the session up 0.7% or $19 per mton, at $… per mton. Nevertheless, aluminum prices lagged behind the rest of the base metals complex, where copper prices tested a…
2. China’s aluminum price remains stuck near two-month lows despite renewed stimulus talk.
SHFE front-month aluminum prices closed today’s session virtually unchanged at … yuan per mton. Prices were somewhat supported by expectations Chinese officials will disclose next week additional details on…
3. RERUN: ALERT! – EUROPEAN PFA. GAP DOWN: EU spot PFA premiums plummet to as low as $… per mton.
For more details, please see HARBOR’s “ALERT! – European PFA” released yesterday.
4. RERUN: ALERT! – EUROPEAN BILLET. PREMIUM DECLINE CONTINUES: EU billet premiums decline to as low as $… per mton.
To see our full European Billet Market Intel and Premiums assessment, subscribe to HARBOR’s specialized “European Billet Intelligence” reports.
5. ALERT! – MATING SEASON SERIES – US EXTRUSION SCRAP. TUG-OF-WAR: Extrusion scrap formula talks for 2025 contracts stuck in limbo.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
6. The LME Cash–3M contango unchanged, backwardation after February intensifies (bearish P1020 premiums).
The Cash-3M contango widened marginally to $… per mton (a 3.9% annualized yield) from $… per mton. The December–January contango widened to $…