1. LME price rebounds 2.5% after reaching HARBOR’s forecasted “value” zone, as the US pauses country-specific reciprocal Tariffs (except for China).
LME Cash aluminum prices closed today’s session up 2.5% or $… per mton, at $… per mton. Prices rebounded from yesterday’s seven-month lows amid gains across the base metals complex in response to yesterday’s announcement by President Trump pausing country-specific reciprocal Tariffs on…
2. Shanghai aluminum prices erase yesterday’s losses amid US reciprocal Tariffs pause (excluding China).
SHFE front-month aluminum prices closed today’s session up 1.5% at… yuan per mton, bouncing back from yesterday’s six-month low. Prices climbed to as high as… yuan per mton, supported by a rebound across the commodity complex after the US announced a 90-day delay on country-specific reciprocal Tariffs for most countries while…
3. LME Cash-3M and far-end contangos remain wide and supportive of inventory financing deals.
The Cash-3M contango narrowed to $… per mton from $… per mton previously. The April–May contango narrowed marginally to $…
4. ALERT! – US ZORBA. SPOOKED: Zorba prices slashed amid trade war, softer copper futures.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
5. ALERT! – EUROPEAN EXTRUSION SCRAP. MORE TIGHTNESS AHEAD: Scrap inflows dry up; export arbitrage to the US opens again.
For more details, subscribe to HARBOR’s specialized “Europe Scrap Intelligence” reports.