1. LME price drops to one-week lows amid ongoing technical pullback from the $… per mton zone and inventory re-warranting.
LME 3M aluminum prices closed today at $… per mton, down 1.3% or $.. per mton from Friday. Prices tested a one-week intraday low of $…
2. LME Cash-3M backwardation eases amid 94k mton re-warranting in Malaysia (still bearish P1020 premiums).
The Cash-3M backwardation narrowed to $… per mton from Friday’s $… per mton amid a spike in re-warranting activity in Asian LME warehouses. Conditions remain significantly tight amid…
3. ALERT! – US BILLET. PREFERENCE FOR US UNITS STRENGTHENING: US Tier 1 and Tier 2 billet premiums keep rising.
HARBOR’s Tier 1 billet upcharge rise to… cent/lb and Tier 2 are up to… cent/lb. US billet upcharges have.. so far this year amid the effects of the new Section 232 Tariff regime. Preference for US billet keeps rising.
4. GREEN ALUMINUM MONITOR. LATEST GREEN PARTNERSHIPS: Scrap remains the main initiative to decarbonize aluminum.
For more details and the latest green aluminum upcharges, subscribe to HARBOR’s specialized “Green Aluminum Monitor” report.
5. China’s aluminum prices retreat from six-week highs amid lingering demand concerns.
SHFE front-month aluminum closed virtually unchanged at… yuan per mton ($… per mton, ex VAT), but retreated in after-hours to… yuan per mton ($… per mton, ex VAT). The pullback followed a drop in LME aluminum prices after the largest LME on-warrant inventory…