LME price remains at HARBOR’s forecasted zone amid ongoing bearishness

1. LME price remains just above our anticipated support zone amid falling oil prices. Prices below $... per mton are seen as possible but unsustainable for now.

2. China’s aluminum prices test new two-month lows.

3. ALERT! – US FOIL DUTIES. CIRCUMVENTION FOUND: US finds evidence of AD/CVD circumvention on foil imports from Thailand and South Korea.

For more details, subscribe to HARBOR’s “Aluminum Rolled Products Intelligence” report.

4. UPDATE! – WORLD SMELTING PRODUCTION COST. DOWNTREND CONTINUES: World aluminum production costs down w/w.

For more details on world aluminum smelting cost trends and figures, subscribe to HARBOR’s “Aluminum Smelting Cost” report.

5. RERUN: ALERT! – MEXICO SCRAP. WORSENING: Hitting the Mexican scrap: Scant domestic and export demand, extended payment terms and growing unsold inventories.

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

6. LME Cash–3M contango widens near 15-year highs, supportive for cash-and-carry deals.