1. LME prices confirmed this week a breach of technical resistance at $2,500 per mton, re-entering the $… per mton range.
LME 3M aluminum prices closed the session up… % or $… per mton, at $… per mton, supported by geopolitical uncertainty in the Middle East and comments by…
2. SPECIAL ALERT! – MW PREMIUM. NEW MW PREMIUM ASSESSMENT: HARBOR launches MW Duty-Paid Premium in Equilibrium assessment
HARBOR’s Pricing Unit is launching today the publication of HARBOR’s MW P1020 Duty-Paid Spot Premium in Equilibrium, our indicative assessment of the MW duty-paid premium level that fully reflects the full and accurate costs of logistics and any applicable tariffs, including Section 232 at 50% Tariffs.
3. ALERT! – US BILLET. SURCHARGES: More billet suppliers imposing surcharges to offset losses.
A growing number of billet suppliers to the US market (including producers and traders alike) are…
4. ALERT! – EUROPEAN BILLET. SUPPLY CONCERNS: Middle East bullish for spot premiums ahead?
To see our full European Billet Market Intel and Premiums assessment, subscribe to HARBOR’s specialized “European Billet Intelligence” reports.
5. LME Cash-3M spread returns to a steep backwardation as tightness extends through September (bearish P1020 premiums).
The Cash-3M spread closes the week in a steep backwardation. The LME Cash-3M spread tightened sharply to a backwardation of $… per mton from yesterday’s $… per mton contango. The curve shifted into…
6. China’s aluminum prices end the week lower, still up 2% so far June.
SHFE front-month aluminum prices closed today’s session down 0.4% at… yuan per mton ($… per mton, ex VAT). Prices continued to pull back from three-month highs reached last Friday but…