1. LME price unchanged amid expectations of multilayered US Tariff and ongoing US-Ukraine-Russian peace talks.
LME Cash aluminum prices closed the session at $, up 0.1% or $… per mton from yesterday. Prices reversed initial gains after President Trump said that US Tariffs on Canada, Mexico and China remain scheduled to hit on March 4, while talks between the US and Ukraine continued to advance…
2. ALERT! – US TARIFFS. MULTIPLE TARIFF LAYERS: Why the US MW premium can spike to… cent/lb?
A 25% US country Tariff on Canada and Mexico is set to become effective as soon as next week, which if imposed on top of a 25% US Section 232 Tariff on US aluminum imports could skyrocket the US MW “post-new-tariffs” duty-paid premium level toward… cent/lb.
3. ALERT! – EUROPEAN BILLET. DOWN TO $…: European billet premiums reach as low as $…/ton.
To see our full European Billet Market Intel and Premiums assessment, subscribe to HARBOR’s specialized “European Billet Intelligence” reports.
4. LME Cash-3M backwardation intensifies again to one-week highs (bearish P1020 premiums).
The Cash-3M backwardation intensified to a one-week high of $… per mton from yesterday’s $… per mton. The March–April backwardation intensified to $… per mton from $… per mton…
5. China’s aluminum prices rebound from two-week lows.
SHFE front-month aluminum prices closed today marginally down at… yuan per mton but rebounded in after-hours to… yuan per mton.