LME price declines further; US PFA imports facing shipment delays from Middle East

LME price declines further; US PFA imports facing shipment delays from Middle East

1. LME Cash price down to $... per mton amid profit-taking selling and demand contraction signals. A breach of short-term support at $... per mton would restore bearish range-trading conditions.

2. China’s aluminum price falls back inside its one-year-old trading range.

3. ALERT! – US PFA. PFA MOST EXPOSED: North American PFA imports among primary aluminum VAPs most exposed to Middle East issues.

4. ALERT! – CHINA ALUMINA. TWO-YEAR HIGHS: China’s alumina price rally approaching two-year high.

For more details, subscribe to HARBOR’s “Alumina & Bauxite Intelligence” reports.

5. ALERT! – US MLC/SIDING. TIGHTENING: Spot MLC and painted siding spreads narrow.

Mills tighten spreads after sleepy Q4. For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence”report.

6. LME Cash-3M contango remains supportive for short-term cash-and-carry deals amid a steep January-March contango.