LME price falls back amid a stronger US dollar; Wide scrap discounts amid poor demand and ample supply

1. LME prices fail to confirm short-term gains above $.. per mton and continue to range-trade with a bearish bias as anticipated between $... and $... per mton.

2. China’s aluminum prices fall after testing a one-week high.

3. ALERT! – US A380. Wide discounts offered.

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4. ALERT! – MEXICO UBC. NO HOMES: UBC inventory buildups continue amid plunging demand.

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

5. LME Cash-3M backwardation eases slightly; nearby short squeeze continues.