1. ALERT! – US TARIFFS. 25% TARIFF: Trump to Announce a 25% Tariff on aluminum products, all origins.
President Trump said on Sunday that a 25% tariff on steel and aluminum products will be announced today, hinting that all countries will be impacted. A 25% Tariff would push the US MW P1020 premium to levels as high as… and push up conversion prices for US flat rolled products and extrusions by at least… and as much as…. Details on structure and timing are not known yet.
2. ALERT! – US COMMON ALLOY. US COIL IMPORTS SURGE: Expectations of new US Tariffs incentivizes spike in imports.
For more details, subscribe to HARBOR’s specialized “Aluminum Rolled Products Intelligence” Report.
3. ALERT! – MEXICO UBC. UNCERTAINTY REIGNS: UBC prices freeze amid tariff uncertainty.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
4. LME prices reached a three-week high ahead of Trump’s awaited US tariffs announcement, range-trading remains.
Prices increased on thin volumes ahead of Trump’s announcement. LME Cash aluminum prices closed the session up 1.2% or $… per mton, closing at $… per mton. Prices climbed to a three-week high today, rising along with the commodity complex amid expectations for President Trump to detail later today a 25% Tariff on all US imports aluminum and still…
5. China’s aluminum price rises to a new two-month high in after-hours trading.
Prices rebounded amid upcoming US 25% tariff over aluminum imports. SHFE front-month aluminum prices closed today’s session marginally down at… yuan per mton but climbed 1.2% in after-hours to a fresh two-month intraday high of… yuan per mton. Prices rebounded along with…
6. LME Cash-3M tightness intensifies as backwardation extends from February through April (bearish P1020 premiums).
The Cash-3M backwardation intensified to $… per mton, from $… per mton on Friday, as the backwardation ahead of April steepened further. The March–April backwardation intensified to $…