1. LME prices bounce back above $2,500 per mton, aiming to re-enter the 2,500-2,750 per mton zone.
LME 3M aluminum prices closed the session up 0.4% or $… per mton, at $… per mton. Prices bounced back from Friday’s pullback amid stronger-than-expected Chinese retail sales data, signs of de-escalating tensions in the Middle East as Iran expressed willingness to…
2. ALERT! – US MW PREMIUM. IMPORTS IN SERIOUS JEOPARDY: Current MW premium level far from covering Tariff cost.
Current journalistic MW premium levels stand so low that exporting aluminum units to the US has become…
3. ALERT! – MEXICO OLD CAST. HEATED COMPETITION: Demand and prices for old cast units rising across the board.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
4. China’s aluminum prices retreat from three-month highs amid profit-taking.
SHFE front-month aluminum closed today’s session down… % at… yuan per mton ($… per mton, ex VAT), extending losses in after-hours to…
5. LME Cash-3M backwardation persists amid June-July tightness (bearish P1020 premiums).
The Cash-3M spread turned into a backwardation of $… per mton, from Friday’s contango of $… per mton, as conditions tightened again ahead of July’s third Wednesday. The June–July backwardation intensified to…