1. LME price slightly down on some profit taking, upward trend intact.
Prices fell today after rising by $… per mton since Friday. LME 3M aluminum prices closed the session down… % or $. per mton, at $… per mton. Prices retreated early in the session amid profit-taking activity around yesterday’s four-month highs of $…
2. ALERT! – US BILLET. US BILLET AT 20 CENT/LB: US billet spot upcharge rises to as high as… cent/lb.
As anticipated by HARBOR, US billet upcharges continue to firm up in response to the new Section 232 Tariff regime. Preference for US billet units continues to grow, favoring Tier 1 billet producers the most.
US spot billet upcharges increased today to… cent/lb from… cent/lb, as domestic Tier1 suppliers continue to benefit the most from increasing market appetite for domestically produced “American” units, More specifically, we see…
3. GREEN ALUMINUM MONITOR. BUILDING MOMENTUM: Furnace electrification and aluminum recycling initiatives.
For more details and latest aluminum green upcharges, subscribe to HARBOR’s specialized “Green Aluminum Monitor” report.
4. China’s aluminum prices face technical selling at… yuan per mton ($… per mton, ex-VAT).
SHFE front-month aluminum price closed today’s session marginally down, at… yuan per mton ($… per mton, ex-VAT), extending losses in after-hours to…
5. LME Cash-3M spread at zero; tightness prevails through the end of the year (bearish P1020 premiums).
The Cash-3M spread loosened to a $… per mton contango from yesterday’s backwardation of $… per mton. The August–September contango tightened to $…