1. LME price drops but continues to test HARBOR’s $… per mton target zone.
LME 3M prices closed today at $… per mton, down… % or $… per mton from yesterday, pulling back from intraday levels as high as $… per mton. Aluminum continued to experience profit-taking selling after reaching six-month highs earlier this week, with most of the…
2. UPDATE! – US ROLLING MILL. POTENTIALLY DISRUPTIVE & BULLISH. An Oswego hot mill outage could seriously stress the supply chain.
For more details, subscribe to HARBOR’s specialized “ Aluminum Rolled Products Intelligence” Report.
3. ALERT! – US MW PREMIUM. NOT HIGH ENOUGH: MW duty-paid premium ends week at… cent/lb.
HARBOR’s MW duty-paid premium closed the week at…cent/lb as the market continues to gain confidence the new Section 232 Tariff regime will be kept unchanged and as US P1020 inventories continue to decline. However, current MW premium levels are still…
4. ALERT! – EUROPE P1020. SIDEWAYS AGAIN: European P1020 premium rally pauses for now.
Spot P1020 premiums rally pauses while scrap tightness pushes consumers to request additional contractual volumes. Nearby…
5. SPECIAL ALERT! – EUROPEAN SCRAP EXPORTS. SURGE CONTINUES: European scrap outflows top 1M mton YTD.
For more details, subscribe to HARBOR’s specialized “Europe Scrap Intelligence” reports.
6. ALERT! – EUROPEAN D226 AND SECONDARY SCRAP. PROCEEDING WITH CAUTION: Domestic demand softens while export competition intensifies.
For more details, subscribe to HARBOR’s specialized “Europe Scrap Intelligence” reports.
7. ALERT! – JAPAN ADC12. NEARLY TWO-YEAR HIGH: Restocking, Tariff reduction for Japan injects life into ADC12.
For more details, subscribe to HARBOR’s specialized “ US and Mexico Aluminum Scrap Intelligence”report.
8. LME Cash-3M backwardation widens as tightness ahead of November persists.
The Cash-3M backwardation closed the week steepening to $…per mton, from $… per mton previously, as the Cash–October backwardation widened to $… per mton from $… per mton. Meanwhile, the October–November backwardation intensified to…
9. China’s aluminum prices edge higher as range trading persists.
SHFE front-month aluminum prices closed today’s session up… % at… yuan per mton ($… per mton, ex-VAT) , before slipping in after-hours trading to… yuan per mton ($… per mton, ex-VAT). Prices continued trading within a narrow range…