1. LME price rebounds after testing two-week lows, still lacking short-term technical direction as range-trading conditions persist.
LME Cash aluminum prices increased today by 1.8% or $.. per mton, closing at $… per mton. Prices increased early in the session amid easing uncertainty about US tariffs after President Trump unveiled a plan to introduce reciprocal tariffs. Nevertheless, some…
2. ALERT! – US ROLLING MILL. US MILLS BOOST CONVERSION PRICES: US CAC spot prices jump, Fin prices set to follow.
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3. ALERT! – US UBC. WIDENING DISCOUNTS: UBC discounts below MWTP widened the most in a year.
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4. ALERT! – EUROPEAN BILLET. BELOW $…: Billet premiums fall further amid multiple factors.
To see our full European Billet Market Intel and Premiums assessment, subscribe to HARBOR’s specialized “European Billet Intelligence” reports.
5. ALERT! – EUROPE D226 & SECONDARY SCRAP. BREAKEVEN: Scrap tightness and late deliveries push D226 prices higher.
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6. LME Cash-3M backwardation intensifies to nine-month highs (bearish P1020 premiums).
The Cash-3M backwardation closed the week intensifying sharply to $… per mton, from $… per mton previously, as tightness continued to intensify ahead of…
7. China’s aluminum price reaches twelve-week highs.
SHFE front-month aluminum prices closed today’s session up 0.4% at… yuan per mton, after testing a twelve-week intraday high of… yuan per mton, supported by a weaker US dollar and strong credit growth data in China. Prices confirmed gains above the…