1. LME price rises to new two-week highs, testing the $2,700-2,750 per mton cyclical resistance zone.
LME Cash aluminum prices closed the session up 0.4% or $… per mton, at a new two-week high of $… per mton. In weekly terms, prices increased by 3.8% or $…
2. ALERT! – US MW PREMIUM. DISCOUNTING: MW premium offered at discounts amid run-up and uncertainty.
Discounts under Journalistic references have widened up to… cent/lb under journalistic references as suppliers aim to take profits after the…
3. ALERT! – US TARIFFS. NO USMCA TARIFFS: US suspends country tariffs on Canada and Mexico.
The United States has suspended a 25% Country Tariff on Canada and Mexico for products compliant with USMCA, including aluminum products. However, the US MW P1020 Spot Premium is still…
4. ALERT! – US CLASS SCRAP. BACK TO EARTH: Class scrap discounts widen on heels of UBC.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
5. ALERT! – EUROPE PRIMARY SCRAP. READY TO FLOW: European scrap suppliers preparing shipments to the US.
For more details, subscribe to HARBOR’s specialized “Europe Scrap Intelligence” reports.
6. UPDATE! – WORLD SMELTING PRODUCTION COSTS. Seven-month lows.
For more details, subscribe to HARBOR’s “Aluminum Smelting Cost” report.
7. GREEN ALUMINUM MONITOR. Policy shift drives greener aluminum.
For more details, subscribe to HARBOR’s specialized “Green Aluminum Monitor” report.
8. China’s aluminum price tested new three-month intraday highs.
SHFE front-month aluminum prices closed today’s session up 0.3% at… yuan per mton after retreating from early-session three-month intraday highs of… yuan per mton. Upward pressure from a weaker US dollar and the anticipation of additional…
9. LME Cash-3M backwardation intensifies to one-week highs (bearish P1020 premiums).
The Cash-3M backwardation closed the week widening to a one-week high of $… per mton from $… per mton. The March–April backwardation intensified to $…