LME price up further, range-trading continues

GREEN ALUMINUM MONITOR.
 

1. LME price at one-week highs as range-trading mode continues.

LME Cash aluminum prices closed the session up 1.3% or $35 per mton, at $… per mton. Meanwhile, LME 3M aluminum prices increased by 1.4%, closing at a one-week high of $… per mton.

2. China’s aluminum prices rebound to one-week intraday highs.

SHFE front-month aluminum prices closed today’s session up by 0.2% at… yuan per mton.

3. RERUN: SPECIAL ALERT! – US BILLET. TRUMP’S BULLISH TARIFF THREAT: Likely short and long-term impact on the US billet market.

For more details, please see HARBOR’s “ ALERT! – US Billet” released on November 27th.

4. GREEN ALUMINUM MONITOR. SOLAR ALUMINUM: Solar systems remain a green step but not a predominant solution.

For more details, subscribe to HARBOR’s specialized “Green Aluminum Monitor” reports.

5. GREEN ALUMINUM MONITOR. ADVOCATING FOR SCRAP: US groups call for the enactment of two recycling-related bills.

For more details, subscribe to HARBOR’s specialized “Green Aluminum Monitor” reports.

6. The LME Cash–3M contango widens to one-week highs amid easing conditions through February.

The Cash-3M contango eased to a one-week high of $… per mton (a 4.2% annualized yield) from $… per mton previously.

 

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