1. LME 3M price rallies further and practically reaches HARBOR’s $2,750 per mton target.
LME 3M aluminum prices climbed to fresh highs since May 2024, closing today at a sixteen-month high of $… per mton, up… % or $… per mton from yesterday, and testing intraday levels as high as $… per mton. Prices have experienced a seven-day rally…
2. ALERT! – US BILLET. HYDRO HIKES PRICES: Major US extruder announces higher conversion prices.
Hydro has announced extrusion conversion price increases for January 2026, joining several other US extruders that made similar announcements earlier this year.
For all details of our 2026 billet market expectations please refer to our upcoming North America’s Aluminum Extrusion & Billet Market Outlook Report 2026-2027, to be published this month.
3. ALERT! – US UBC. TRIPLE DIGIT RECORD DISCOUNTS: UBC scrap discounts reach an all-time record of… cent/lb.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
4. RERUN: ALERT! – EUROPEAN BILLET. WINTER DOLDRUMS: Spot premiums unchanged, demand lacks momentum.
To see our full European Billet Market Intel and Premiums assessment, subscribe to HARBOR’s specialized “European Billet Intelligence” reports.
5. LME Cash-3M contango tightens further as October short positions continue to get squeezed.
The Cash-3M contango tightened again to $2.15 per mton (a 0.3% annualized yield), from $4.43 per mton yesterday. The Cash–October contango narrowed to $4.16 per mton from $5.31 per mton, while the October–November backwardation…
6. The Shanghai Futures Exchange (SHFE) was closed today due to China’s National Day weeklong holiday. Trading will resume on Thursday, October 9.