LME price down but still near $2,600 per mton; Chinese aluminum exports plummet

1. LME price drops marginally, continues to technically target $… per mton.

LME 3M aluminum prices closed the session down 0.4% or $… per mton, at $… per mton. Prices were bolstered early in the session by…

2. LME Cash-3M contango remains tight; inventory inflows continue into LME Asia warehouses.

The Cash-3M contango tightened to $… per mton from Monday’s $… per mton. The July–August spread tightened to a backwardation of $…

3. ALERT! – US TURNINGS. SIX-MONTH LOWS: US turnings price tumble to January lows

For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.

4. China’s aluminum prices decline, exports of semis plummet in June.

SHFE front-month aluminum closed today’s session down…