LME price up while full bearish mode persists; LME Cash-3M contango narrows

ALERT! – MEXICO UBC.
 

1. LME price up amid subdued volumes; bearish range trading continues to target $… per mton.

2. LME Cash-3M contango tightens near previous three-month lows, uneconomic for cash-and-carry deals (bearish P1020 premiums).

3. GREEN ALUMINUM MONITOR. SHIFTING TO GREEN FURNACES.

For more details and the latest developments in the Green Aluminum market, subscribe to HARBOR’s specialized “Green Aluminum Monitor” reports.

4. ALERT! – MEXICO UBC. OFFERS JUMP…BUT PRICES STEADY: UBC suppliers asking for… cent/lb, no deals confirmed yet.

For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.

5. The Shanghai Futures Exchange (SHFE) was closed due to China’s week-long New Year holiday. Trading will resume on Monday, February 19, 2024.

 

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