LME price at 19-month highs; Mexico and Brazil P1020 premiums rally further
1. Upward trend in place toward HARBOR’s target zone of $... per mton.
2. MEXICO P1020 ALERT. Mexico's P1020 premium jumps to 28-month highs.
3. BRAZIL ALUMINUM ALERT. P1020 and billet premiums strengthen further on strong demand fundamentals and supply tightness.
4. Nexidus Commodities acquired by AEGIS Hedging.
5. HARBOR’s Green Aluminum Upcharge assessed at zero.
6. LME Cash–3M contango holds near one-month highs, supportive for spot P1020 premiums around the world.
7. China’s aluminum prices continue to approach multiyear highs on demand optimism.
More details in full report.