LME price reverses rally as world aluminum demand contracts further
SHFE aluminum prices fall after facing technical resistance.
LME nearby contango widens to $50 while LME price falls by $50 per mton on growing surplus
LME price falls to two-week lows as demand contraction expected to linger.
LME price higher near $2,600 per mton
Prices tested intraday levels, remaining supported by expectations of further clarity about US Tariffs in the next few weeks
LME supported by bullish technicals; Brazil’s premiums down on supply competition
Prices regained most of the ground lost yesterday amid hopes that US trade deals could be carved out in the next three weeks
LME price down on trade uncertainty; US PFA suppliers facing a… cent/lb gap; European billet premiums up
Prices posted a third consecutive daily decline. LME 3M aluminum prices closed today’s session down
LME price rises amid Middle Eastern supply-side risks; LME adopts new lending rules.
Supply-side concerns for aluminum have emerged amid evolving logistical risks to shipping transit through the Strait of Hormuz
LME price confirms breakout above $2,500 per mton; HARBOR launches MW Duty-Paid Premium in Equilibrium assessment
HARBOR’s MW P1020 Duty-Paid Spot Premium in Equilibrium, our indicative assessment of the MW duty-paid premium level that fully reflects the full and accurate costs of logistics and any applicable tariffs, including Section 232 at 50% Tariffs.
LME price hovering around $2,550 per mton; Offshore billet suppliers pushing for big US surcharges
Prices pulled back as some profit-taking selling emerged amid a lack of significant escalation in Israel-Iran tensions and no direct US involvement at this point.
LME price re-enters $2,500-2,750 per mton zone; MW premium level far from covering Tariff cost
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 restart talks with the US