Flooding in US Midwest impacting aluminum barge shipments

Flooding in US Midwest impacting aluminum barge shipments; high inventories at consumer’s plants and weakening demand could buffer potential impact.

HARBOR’s market intel from the ground indicates that the rising Mississippi river is impacting aluminum barge shipments loaded in New Orleans and directed up- river towards the US Midwest; possibly pressuring up trucking costs in US Gulf ahead. However, high/healthy inventory levels and some demand weakness should help buyers weather short term freight disruptions.

More details in full report.