1. LME prices fell today by the most in a month, after failing once again this week to break above the key cyclical resistance zone of $2,700 per mton.
LME Cash aluminum prices closed the session down 1.5% or $… per mton, at $… per mton. In weekly terms, prices fell by 2.4% or $… per mton, accumulating a two-week decline of $…
2. ALERT! – US MW PREMIUM. PROFIT TAKING: MW premium falls as some traders de-risk, bullish trend on.
MW P1020 spot premiums fall as some traders take partial profits after the historical run-up in the premium. HARBOR remains…
3. ALERT! – EUROPEAN BILLET. UNCOMFORTABLE UNCERTAINTY: Market concerned about negative impact of US Tariffs.
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4. ALERT! – EUROPE D226 & SECONDARY SCRAP. CHASING MARGINS ON LIMITED DEMAND: D226 prices holding firm at three-year highs.
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5. ALERT! – BRAZIL. NO MOMENTUM: Brazil’s ali demand depressed with mixed market sector trends.
Domestic P1020 demand has no momentum, with a recovering auto market offsetting deteriorating B&C market conditions.
6. LME Cash-3M backwardation still in double digits amid April tightness (bearish P1020 premiums).
The Cash-3M backwardation closed the week narrowing to $… per mton, from yesterday’s $…
7. China’s aluminum prices decline as weak demand sentiment lingers.
SHFE front-month aluminum prices closed today’s session down 0.2% at… yuan per mton, extending losses in after-hours to…