1. ALERT! – LME PRICE. BELOW $2,300: LME price falls deeper inside our forecasted “value” zone.
LME Cash aluminum prices closed today at $… per mton, down 1.3% or $… per mton from yesterday, after testing eight-month intraday lows of $… per mton. Aluminum prices maintained downward momentum as…
2. ALERT & SPECIAL ANALYSIS! – US TARIFFS. TARIFF DEFLATION: US aluminum all-in prices fall below levels prior to new Tariffs news.
Since the announcement of the new Section 232 Tariff regime, deflation (not inflation) has hit the world aluminum market with all-in primary aluminum prices down in the US, Europe and Asia.
3. ALERT! – MJP P1020 PREMIUM. ONE-YEAR LOWS: Spot MJP P1020 premium plunges to $… per mton.
As anticipated by HARBOR, MJP premium gapped down to the lowest in one year amid five-year low replacement costs, poor demand conditions, and expectations of more metal flowing to Asia.
4. China’s aluminum prices drop below technical support zone as trade tensions escalate.
SHFE front-month aluminum prices closed today’s session down 1.7% at… yuan per mton, marking a new six-month low after China announced an 84% retaliatory tariff on US imports. However, prices found…
5. LME Cash-3M contango still wide, while far-end contangos steepen to the widest since October.
The Cash-3M contango narrowed to $… per mton from yesterday’s widest spread since mid-December of $. per mt..on. The April–May contango steepened to $…
6. UPDATE! – ALUMINA PRICE. SURPLUS BITES: Alumina price tumbles as predicted by HARBOR.
For more details, subscribe to HARBOR’s “Alumina & Bauxite Intelligence” report.
7. UPDATE! – WORLD SMELTING PRODUCTION COSTS. ONE-YEAR LOWS.
For more details, subscribe to HARBOR’s “Aluminum Smelting Cost” report.
8. GREEN ALUMINUM MONITOR. GREEN PIVOT: US bets on UBC, Europe regulates, China’s secondary grows.
For more details and the latest green aluminum upcharges, subscribe to HARBOR’s specialized “Green Aluminum Monitor” report.