1. LME prices extend decline below $2,500 per mton and could confirm tomorrow an open door to the $… per mton zone.
LME 3M aluminum prices closed today’s session down… % at $… per mton, closing below the $2,500 per mton threshold for the first time in almost three months. Meanwhile, LME Cash aluminum prices closed the session down…
2. ALERT! EUROPE P1020. 14-MONTH LOWS: Rotterdam P1020 premiums fall further.
Europe’s P1020 duty-paid premium plunge reaches $… per mton as container prices fall to one-year lows, LME prices weaken, and some traders fear of…
3. ALERT! – US BILLET. THREE-YEAR HIGHS: US billet imports spike ahead of Tariffs, outlook bullish.
US offshore billet imports spiked in Q1 2025 as importers rushed to pre-empt the new Section 232 Tariffs regime and…
4. LME Cash-3M contango at the widest since early January, still uneconomic for inventory financing (bearish P1020 premiums).
The Cash-3M contango widened to a two-month high of $…per mton from $…per mton on Tuesday. The April–May contango widened to $…
5. China’s aluminum price holds above yesterday’s seven-week low.
Prices continued finding technical support. SHFE front-month aluminum prices closed the session down 0.2% at… yuan per mton, marking a fresh seven-week low. Prices initially declined along with LME aluminum prices amid demand contraction fears ahead of today’s US “reciprocal” tariffs announcements. Nevertheless…