LME price up, congestion around $2,600 remains

ALERT! – EUROPEAN BILLET.
 

1. LME price continues to trade in a narrow range mainly above $2,600 per mton, technical target remains $… per mton by year-end.

LME prices climbed toward one-week highs. LME 3M aluminum prices closed the session at $…per mton, up… % or $… per mton from Friday. Prices fell early in the session amid disappointing Chinese economic data, but regained ground as…

2. ALERT! – EUROPEAN BILLET. UPWARD TREND RESUMES? Spot premiums up to $520 per mton in Iberian Peninsula.

To see our full European Billet Market Intel and Premiums assessment, subscribe to HARBOR’s specialized “European Billet Intelligence” reports.

3. RERUN: ALERT! – US SECTION 232. HERE TO STAY: More signs that S.232 Tariffs will likely stay unchanged.

For more details, please see HARBOR’s “ALERT! – US Section 232” released on September 4th, 2025.

4. ALERT! – US REMELT. NEW CAST ALLOY SUPPLY: Newest US remelter nearing commercial operations.

For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.

5. ALERT! – MEXICO EXTRUSION SCRAP. FULL: Softer demand for extrusion scrap as export appetite pauses.

For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.

6. LME Cash-3M backwardation widens amid a spike in canceled warrants.

The Cash-3M backwardation intensified to $… per mton, from Friday’s $… per mton. The Cash-September backwardation intensified to $…per mton from $… per mton, while the September–October backwardation steepened to $…

7. China’s aluminum prices marginally higher as range trading prevails.

SHFE front-month aluminum prices closed today’s session up… % at… yuan per mton ($… per mton, ex-VAT), extending gains in after-hours to… yuan per mton ($… per mton, ex-VAT). Prices were supported by…

 

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