1. LME price dips toward fresh two-week lows, approaching technical support at $… per mton.
LME 3M aluminum prices fell today by… % or $… per mton, closing at $… per mton. Prices tested a two-week intraday low of $… per mton as selling pressure prevailed across most of the commodity complex amid…
2. ALERT! – US WIRE ROD. S232 BULLISH IMPACT: ACSR inclusion on S. 232 to boost US Wire Rod demand.
Inclusion of ACSR on US Section 232 derivative list is bullish US EC wire rod demand. US EC rod spot upcharges widen to…
3. ALERT! – US LITHO SCRAP. RECORD AFTER RECORD: Litho scrap trades at the deepest discount on record.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
4. LME Cash-3M contango holds at low single-digits (bearish P1020 premiums).
The Cash-3M contango widened today to $… per mton (a 0.6% annualized yield), from $… per mton previously. The Cash-September backwardation narrowed to $…
5. China’s aluminum price retreats to multi-month technical support levels.
SHFE front-month aluminum price closed at a two-week low of… yuan per mton ($… per mton, ex-VAT), falling by… % from yesterday. Moreover, prices extended losses in…