1. LME price falls further inside HARBOR’s forecasted “value” zone of $2,300-2,350 per mton.
LME Cash aluminum prices closed today at $… per mton, falling by 1.0% or $… per mton from yesterday. Prices dropped to levels unseen since August 2024 as the industrial commodities complex resumed losses as Chinese officials vowed to go ahead with retaliatory measures against the US, which would result in…
2. ALERT! – US MW PREMIUM. BULLISH CERTAINTY: MW premium up amid declining uncertainty, discounts narrow.
MW duty-paid spot premium rises amid declining Tariff uncertainty and widening of LME contango. HARBOR is downgrading its MW premium target to… cent/lb amid declining logistical costs and lower LME prices.
3. ALERT! – US TURNINGS. OFF THEIR PEAK: Turnings prices fall from record highs.
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4. LME Cash-3M contango at the widest since December, supportive of short-term cash-and-carry deals.
The Cash-3M contango widened to $… per mton, the widest since mid-December, from $… per mton previously. The April–May contango steepened to…
5. China’s aluminum price fall toward technical support zone.
SHFE front-month aluminum prices closed today’s session up 0.4% at… yuan per mton. However, prices gave back gains in after-hours trading, falling toward their technical support zone at…