LME price falls and unable to regain $… per mton levels; SHFE prices plunge to new four-month lows

 
GREEN ALUMINUM MONITOR

1. LME prices fell back toward four-month lows amid a sharp pullback from $… per mton, as the Fed’s aggressive tightening plans were taken by the market as bearish. Door for $… per mton could technically open tomorrow.

2. China’s aluminum prices resume trading plunging to new four-month lows.

3. LME Cash–May contango narrows, but spreads through July remain loose; easing of far end backwardations continues.

4. GREEN ALUMINUM MONITOR: Aluminum industry goes after recycling assets.

For more details, please see HARBOR’s “Green Aluminum Monitor” released earlier today.

5. RERUN: US MW PREMIUM ALERT. NEW RECORD HIGHS: MW premium gaps up to 42.30 cent/lb.

For more details, please see HARBOR’s “US MW PREMIUM ALERT” released yesterday.

6. US SCRAP ALERT. FALLING FAST: Twitch prices fall to the mid 80s cent/lb range.

For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.

 

Request a Sample

Previous Article LME prices plunge continues and reaches $... per mton; LME cash-3M contango the widest since 2020 Next Article LME price plunge continues; Scrap prices plummet around the world
icon-angle icon-bars icon-times