1. LME price hits $… per mton amid technical momentum and tightness in LME nearby spreads.
LME 3M aluminum prices closed at a new four-month high of $… per mton, up…% or $.. per mton from yesterday. Meanwhile, LME Cash aluminum prices climbed to $…
2. ALERT! – US BILLET. TWO-YEAR HIGHS: US billet spot upcharge range reaches… cent/lb.
As anticipated by HARBOR, US billet upcharges continue to firm up in response to the new Section 232 Tariff regime. Preference for US billet units continues to grow while offshore suppliers continue to suffer from journalistic MW duty-paid premium levels that fall short of covering import Tariffs.
US spot billet upcharges increased today on the low end of the range to…
3. ALERT! – US WHEEL SCRAP. BALLOONING DISCOUNTS: Wheel scrap trades at biggest discount to MWTP on record.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
4. ALERT! – EUROPE UBC. THE WIDEST IN FIVE MONTHS: European UBC discounts widen amid weakening demand.
For more details, subscribe to HARBOR’s specialized “Europe Scrap Intelligence” reports.
5. China’s aluminum prices reaches new four-month highs, testing… yuan per mton.
SHFE front-month aluminum price closed today’s session up 0.5%, at…yuan per mton ($… per mton, ex-VAT), while testing a fresh four-month intraday high of…
6. LME Cash-3M backwardation holds at $… per mton, tightness persists through December (bearish P1020 premiums).
The Cash-3M backwardation narrowed to $.. per mton from $.. per mton yesterday. The August–September contango tightened to $…