1. LME prices fall but continue to hover around the $2,750 per mton level.
LME Cash aluminum prices closed today at $… per mton,down… % or $… per mton from yesterday. Meanwhile, LME 3M prices closed at $… per mton, down… % or $… per mton. Prices initially fell amid lingering concerns about US-China trade tensions, but rebounded from a one-week low of $…
2. RERUN: SPECIAL ALERT! – US MW PREMIUM. RECORD HIGHS, AS PREDICTED: MW premium gaps up to all-time record, more gains seen ahead.
For more details, please see HARBOR’s “SPECIAL ALERT! – US MW PREMIUM” released Friday, October 10.
3. ALERT! – US SCRAP. RECORD DISCOUNTS: Class scrap discounts balloon with MWTP, chronic oversupply.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
4. ALERT! – US A380. SLIGHT REBOUND: Spot prices are up but downside automotive risks remain.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
5. LME Cash-3M backwardation remains in double digits as the October short squeeze continues.
The Cash-3M backwardation eased today to $… per mton from yesterday’s seven-month peak of $… per mton, as the October–November backwardation narrowed to $… per mton from $… per mton
6. China’s aluminum prices erased early gains amid ongoing trade tensions.
SHFE front-month aluminum prices closed today’s session up… % at… yuan per mton ($…per mton, ex-VAT) , before declining in after-hours to…
.