1. LME Cash price falls to new six-month lows within HARBOR’s forecasted “value” zone of $2,300-2,350 per mton.
LME Cash aluminum prices closed today’s session down 0.7% or $… per mton, at a fresh six-month low of $2… per mton. Meanwhile, LME 3M aluminum prices tested a new seven-week intraday low of $… per mton early in the session, before…
2. RERUN: ALERT! – US TARIFFS. TARIFF INFLATION? US all-in prices unchanged since Tariffs news, down in Europe.
For more details, please see HARBOR’s “ALERT! – US Tariffs ” released on Friday.
3. LME Cash-3M contango widens to $… per mton, supportive of short-term cash-and-carry deals.
The Cash-3M contango widened to a three-month high of $… per mton from $… per mton on Friday. The April–May contango steepened to $…
4. China’s aluminum price plummets to fresh three month-lows amid growing demand concerns.
SHFE front-month aluminum prices closed today’s session down 3.8% at a new three-month low of… yuan per mton, after testing earlier a six-month intraday low of… yuan per mton. Prices resumed trading after the…