1. LME price holds below the key $2,700-2,750 per mton technical resistance zone, with US-Russia talks seen as a bearish development.
LME Cash aluminum prices closed today at $… per mton, up 0.1% or $… per mton from yesterday. Prices declined initially as top officials from the US and Russia met in Saudi Arabia to discuss the resolution of the war in Ukraine. However, aluminum prices bounced back…
2. ALERT! – LME PRICE & P1020 PREMIUMS. PEACE & LOWER PRICES: US signals lifting of sanctions on Russia.
The latest US-Russia talks have raised the prospect of removing sanctions on Russia due to the Ukraine war. Peace talks are expected to continue over the coming weeks. Bearish for LME prices and P1020 and VAP premiums (outside the US).
3. ALERT! – US BILLET. BULLISH IMPACT: US spot billet upcharge jumps to… c/lb.
As anticipated by HARBOR, US billet upcharge jumps to six-month highs amid recently announced US import Tariffs of 25%, more…
4. ALERT! – US ROLLING MILL. MORE PRICE INCREASES ANNOUNCED: Jump in US conversion prices from multiple US mills.
For more details, subscribe to HARBOR’s specialized “Aluminum Rolled Products Intelligence” Report.
5. ALERT! – EUROPE EXTRUSION SCRAP. NEW ARBITRAGES: European extrusion scrap could flow to US.
For more details, subscribe to HARBOR’s specialized “Europe Scrap Intelligence” reports.
6. UPDATE! – ALUMINA PRICE. PLUNGE CONTINUES: Alumina price plunge approaches $… per mton.
For more details, subscribe to HARBOR’s “ Alumina & Bauxite Intelligence” reports.
7. LME Cash-3M backwardation eases from twenty-month highs (bearish P1020 premiums).
The Cash-3M backwardation eased to $… per mton from yesterday’s tightest “back” since June 2023 of $… per mton. The February–March backwardation eased to…
8. China’s aluminum price rebounds toward twelve-week highs.
SHFE front-month aluminum prices closed today’s session down 0.2% at… yuan per mton. However, prices rebounded in after-hours trading to…