1. LME prices hardly changed today after climbing by 3% last week; have yet to test expected technical resistance at $2,500 per mton.
LME 3M aluminum prices closed the session down 0.1% or $3 per mton, at $… per mton. Prices fell to an intraday low of $… per mton amid disappointment about China’s press conference on economic policy stimulus measures and signs of progress in US-Ukraine…
2. LME Cash-3M contango widens and remains supportive of cash-and-carry deals.
The Cash-3M contango widened to $…per mton (a 5.8% annualized yield) from Friday’s $… per mton. The May–June contango widened to $…
3. RERUN: ALERT! – EUROPEAN BILLET. BOTTOMING? EU spot billet premiums unchanged amid limited downside.
To see our full European Billet Market Intel and Premiums assessment, subscribe to HARBOR’s specialized “European Billet Intelligence” reports.
4. ALERT! – MEXICO UBC. LAGGED DECLINE: UBC export prices fall sharply, discounts at two-year highs.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
5. UPDATE! – ALUMINA PRICE. BOTTOMING OUT? Alumina price moves up and departs the $… per mton zone.
For more details, subscribe to HARBOR’s “Alumina & Bauxite Intelligence” report.
6. China’s aluminum prices edge lower amid US-China trade uncertainty.
Prices retreated below the… yuan per mton level. SHFE front-month aluminum prices closed today’s session down 0.2% at… yuan per mton. Prices pulled back from last week’s three-week intraday highs near…