1. LME prices lost further ground after the expected confirmation of no sanctions or restrictions on Russia’s aluminum and energy exports.
2. China’s aluminum prices test a two-week low amid downward pressure on raw materials.
3. ALERT! LME & CHINA ALUMINUM. BEARISH COAL: China’s coal prices set to resume declines on government’s plan—bearish for aluminum prices.
4. EUROPEAN P1020 ALERT. OUT OF STEAM: European P1020 premiums unchanged for a second-consecutive week amid no sanctions on Russian aluminum.
5. EUROPEAN BILLET ALERT. SECOND DROP: European spot billet premiums weaken for second straight week.
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6. EUROPEAN SCRAP ALERT. UNCERTAINTY REIGNS: Secondary and scrap markets in a wait-and-see stance.
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7. MEXICO SCRAP ALERT. OUTFLOWS TO THE US: US prices for UBCs, 6063, and 6061 rally way above Mexico’s domestic prices.
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8. LME Cash–3M backwardation eases to a one-week low; severe tightness persists (bearish for P1020 premiums).
More details in full report.