1. SPECIAL ALERT! – LME PRICE. AS FORECASTED BY HARBOR: LME price rally has reached our $2,700-2,750 target zone.
As HARBOR correctly forecasted in April when LME prices were trading at the $2,200’s per mton, LME Cash aluminum prices have rallied and reached our $2,700-2,750 per mton target zone before the end of the year. We continue to expect LME prices to reach $… per mton and likely higher levels in 2026, if not sooner.
LME Cash aluminum official prices closed earlier today at a six-month high of $…
2. ALERT! – EUROPEAN BILLET. SEEN AS BULLISH: CBAM seen with reservations but leaning bullish for billet.
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3. ALERT! – EUROPEAN EXTRUSION SCRAP. BALANCING ACT: Premiums rise, demand falls.
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4. ALERT! – EUROPEAN D226 AND SECONDARY SCRAP. MORE CHALLENGING: Lower alloy ingot demand and prices expected for Q4.
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5. LME Cash-3M backwardation narrows from two-month highs, tightness persists ahead of October.
The Cash-3M backwardation narrowed to $6.35 per mton , from yesterday’s two-month peak of $…
6. China’s aluminum prices reach HARBOR’s target of… yuan per mton ($… per mton, ex-VAT).
Prices climbed to ten-month highs today. SHFE front-month aluminum prices closed today’s session up 0.9% at… yuan per mton ($… per mton, ex-VAT), after briefly testing fresh ten-month intraday highs of…