NOTE: Due to HARBOR’s 17th Aluminum Outlook Summit in Chicago, HARBOR’s Daily Commentary will not be published from June 2 to June 6, 2025 inclusive.
1. LME prices fall amid trade-related uncertainty and ongoing technical consolidation below the $… per mton zone.
LME 3M aluminum prices closed the session down 0.3% or $7 per mton, at $… per mton. Prices fell as a US court ruled that US Tariffs imposed on April 2 can remain in place while an appeals process continues, and extended losses after…
2. ALERT! – US UBC. SUMMER SWOON: US UBC prices crash to 15-month lows.
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3. ALERT! – EUROPE D226 AND SECONDARY SCRAP. STILL UNCLEAR: Europe demand falters, offshore competition intensifies.
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4. LME Cash-3M contango remains in single-digits, unattractive for inventory financing deals (bearish P1020 premiums).
The Cash-3M contango widened marginally to $…per mton from $… per mton previously. Conditions eased after June, as the June-July contango widened to $…
5. China’s aluminum prices decline as technical resistance holds.
SHFE front-month aluminum closed today’s down 0.3% at… yuan per mton ($… per mton, ex VAT). Prices continued to face downward pressure after a US court ruled that tariffs imposed on April 2 can remain in place during the appeals process, while…
NOTE: Due to HARBOR’s 17th Aluminum Outlook Summit in Chicago, HARBOR’s Daily Commentary will not be published from June 2 to June 6, 2025 inclusive.