1. LME 3M price rallies by… % or $… per mton as short-term momentum continues to target the $2,750 per mton level.
LME 3M aluminum prices closed at a fresh four-month high of $… per mton, up… % or $… per mton from yesterday. Aluminum posted its biggest daily gain in over…
2. SPECIAL ALERT! – MW PREMIUM. BULLISH FOR LONGER: New S.232 regime here to stay, we expect… cent/lb.
HARBOR believes the new Section 232 regime will not be removed nor “watered down”, opposite to what the market is pricing. We remain bullish and continue to expect the MW premium to trend toward… cent/lb before…
3. UPDATE! – MW PREMIUM. MWP IN EQUILIBRIUM UPDATE: HARBOR’s MW P1020 Duty-Paid Spot Premium in Equilibrium rises.
HARBOR’s MW P1020 Duty-Paid Spot Premium in Equilibrium closed the day at… cent/lb; US MW P1020 Spot Duty-Unpaid Premium at… cent/lb..
4. ALERT! – EUROPEAN BILLET. LAST HURRAY: EU extruders busier as summer maintenance work nears.
To see our full European Billet Market Intel and Premiums assessment, subscribe to HARBOR’s specialized “European Billet Intelligence” reports.
5. ALERT! – EUROPE D226 AND SECONDARY SCRAP. EIGHT-MONTH LOWS: D226 ingot and secondary scrap prices continue to slide.
For more details, subscribe to HARBOR’s specialized “Europe Scrap Intelligence” reports.
6. ALERT! – MJP P1020 PREMIUM. FALL REACHES $80 PER MTON LEVEL (AS EXPECTED): Spot and Quarterly MJP premiums fall further.
As anticipated by HARBOR since last year, the MJP spot premium continues to fall and has reached one-year lows of $… per mton, while Q3 contracts plummeted to $…
7. LME Cash-3M contango narrows toward zero, uneconomic for inventory financing deals (bearish P1020 premiums).
The Cash-3M contango tightened to $… per mton from Thursday’s $… per mton. The August–September contango widened marginally to…
8. China’s aluminum prices rebound to one-week highs.
SHFE front-month aluminum closed today’s session up… % at … yuan per mton ($… per mton, ex-VAT), and extended gains in after-hours to a new one-week intraday high of…