1. LME price rallies to a six-week high and approaches the predominant $… per mton zone. HARBOR upgrades its LME price forecasts.
LME 3M aluminum prices closed the session up 2.6% or $62 per mton, at $… per mton. Meanwhile, LME Cash prices climbed by 2.8% to a six-week high of $… per mton. Aluminum prices posted their biggest daily increase in four months, reaching intraday levels as high as $… per mton, amid…
2. ALERT! – US-CHINA TARIFFS. NO CHANGE FOR ALUMINUM: US Tariffs on China remain at 70%+ on most aluminum products.
The trade deal between the US and China keeps in place all Tariffs relevant to most aluminum products, including Section 232, Section 301 and Fentanyl-related Tariffs, which add up to…
3. Shanghai aluminum prices climb to one-month highs as US agrees to reduce Tariffs on China.
SHFE front-month aluminum prices closed today’s session up 0.9% at… yuan per mton, supported by a broad rally across commodities after the US and China agreed to slash tariffs and continue formal negotiations…
4. ALERT! – EUROPEAN BILLET. REFUSING TO FALL MORE: EU spot billet premiums unchanged for sixth week in a row.
To see our full European Billet Market Intel and Premiums assessment, subscribe to HARBOR’s specialized “European Billet Intelligence” reports.
5. LME Cash-3M contango tightens to seven-week low of $… per mton (bearish P1020 premiums).
The Cash-3M contango tightened to a seven-week low of $… per mton (a 0.9% annualized yield) from Friday’s $… per mton. The May–June contango narrowed to $…