1. LME price declines further amid ongoing buildups in Asia and monetary tightening concerns.
2. ALERT! – MORE ALUMINUM BUILDUPS. Aluminum inventories rise (again), up the most in five years.
3. China’s aluminum prices near one-month lows.
4. ALERT! – CHINA EXPANDING ALUMINA & ALUMINUM PRODUCTION. MORE SUPPLY COMING. Chinese alumina and aluminum expansions pick up.
5. ALERT! – EUROPE PFA. SLIGHT OUTPERFORMANCE. European PFA spot demand improving but still faces challenges ahead.
6. ALERT! – EUROPE ROLLING MILL. DADA Holdings ups stake at Fusina rolling mill. Acquires controlling stake in Niche Fusina Rolled Products.
7. ALERT! – US WIRE ROD. CALM AND STEADY. US EC rod market quiet; some offshore producers with long lead times.
8. LME Cash–3M contango tightens amid February’s third-Wednesday settlement, now unattractive for inventory financing deals.