1. LME price continues to find support above $2,600 per mton, easing trade uncertainty seen as bullish.
LME 3M aluminum prices closed today at $… per mton, down… % or $… per mton from Friday. Prices fell for a fourth consecutive session, testing an intraday low of $…
2. ALERT! – US SECTION 232. NO CONCESSIONS: EU aluminum exports to US will remain under a 50% S.232 Tariff.
European Union exports of aluminum products to the US will continue to pay a Section 232 Tariff of 50%, the White House confirms. As HARBOR anticipated, the Trump Administration continues to hold the line on the new Section 232 Tariff regime. This is bullish for the US MW P1020 Duty-Paid Premium, which we see targeting…
3. UPDATE! – US MW PREMIUM. MWP IN EQUILIBRIUM UPDATE: HARBOR’s MW P1020 Duty-Paid Spot Premium in Equilibrium down.
HARBOR’s MW P1020 Duty-Paid Spot Premium in Equilibrium closed the day at… cent/lb; US MW P1020 Spot Duty-Unpaid Premium at…
HARBOR’s MW P1020 Duty-Paid Spot Premium in Equilibrium was assessed today at…
4. ALERT! – US ACR SCRAP. HITTING THE WALL: Al/Cu rad scrap decouples from soaring CME copper futures.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
5. RERUN: ALERT! – US 5052 CAC. 5052 STRONG: US 5052 spot prices firm up, some US mills sold out for the year.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
6. ALERT! – MEXICO SCRAP. DRYING UP: UBC export demand weakens, domestic limited to a few traders.
For more details, subscribe to HARBOR’s specialized “ US and Mexico Aluminum Scrap Intelligence” report.
7. LME Cash-3M spread returns to a tight contango, still uneconomic for inventory financing deals (bearish P1020 premiums).
The Cash-3M spread loosened to a contango of only $… per mton from Friday’s backwardation of $… per mton. The August–October contango narrowed marginally to…
8. China’s aluminum prices fall to one-week lows.
SHFE front-month aluminum price closed today’s session down… %, at… yuan per mton ($… per mton, ex-VAT). Prices tested a one-week intraday low of…