LME price rally hits $...; US cansheet imports boom amid domestic deficit; UBC prices up to 18-month highs
1. LME PRICE ALERT. LME prices reach the $... per mton mark after rallying by over $... per mton in three days. HARBOR’s long-forecasted bullish wave targeting $... per mton remains "on."
2. US CANSHEET UPDATE. CANSHEET IMPORT EXEMPTIONS BOOM: Now... million mton so far in 2020 amid growing domestic shortage. For more details, please subscribe to our specializedAluminum Rolled Products Intelligence Report.
3. US UBC ALERT. UBC prices up to eighteen-month highs. For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.
4. LME Cash–3M backwardation persists but nearby tightness moderates (remains bearish for premiums around the globe).
5. HARBOR’s Green Aluminum Upcharge assessed at zero.
6. China’s aluminum prices up to a three-month high.
More details in full report.