1. LME price retreats toward $… per mton.
LME 3M aluminum prices closed the session down 0.7% or $… per mton, at $… per mton. Prices climbed to as high as $… per mton following reports that a US court issued a ruling blocking President Trump’s Reciprocal Tariffs. However, prices reversed gains afterwards amid…
2. ALERT! – US TARIFFS. LEGAL HURDLES: US court blocks Reciprocal Tariffs, no change on S.232 or S.301.
A US trade court has invalidated President Trump’s April 2 Reciprocal Tariffs, along with Fentanyl-related Tariffs on China and border security-related Tariffs on Canada and Mexico. However, aluminum products are…
3. ALERT! – EUROPEAN BILLET. SPOT MARKET AWAKENING? Billet EU spot market appetite strengthens.
To see our full European Billet Market Intel and Premiums assessment, subscribe to HARBOR’s specialized “European Billet Intelligence” reports.
4. LME Cash-3M contango returns but tightness persists through July (bearish P1020 premiums).
The Cash-3M spread loosened to a $… per mton contango from yesterday’s backwardation of $… per mton. The June-July contango narrowed to $… per mton from $… per mton, and the July–August contango widened to $… per mton from $…
5. China’s aluminum prices approached multi-week highs amid short-lived trade optimism.
SHFE front-month aluminum closed today’s virtually unchanged at… yuan per mton ($… per mton, ex VAT), after testing early in the session a nearly eight-week intraday high at… yuan per mton…