1. LME prices experienced modest gains this week following the deferral of US tariffs on Can/Mex, and the EU’s draft proposal for a phased ban on Russian aluminum.
LME Cash aluminum prices closed the session up 0.2% or $… per mton, at $… per mton. In weekly terms, prices increased… % or $… per mton, posting their first w/w increase since mid-January after the US agreed to defer tariffs on Canada and Mexico. At the same time…
2. China’s aluminum price test the technical resistance zone of… yuan per mton.
SHFE front-month aluminum prices closed today’s session at… yuan per mton. Prices tested a two-month intraday high of.. yuan per mton amid optimism in China that a …
3. ALERT! – EUROPEAN BILLET. DEMAND DOUBTS: Spot market appetite improving, but for how long?
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4. ALERT! – EUROPE PRIMARY SCRAP. NEITHER SUPPLY NOR DEMAND: Poor scrap flows meet with poor demand, balancing market.
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5. ALERT! – EUROPE D226 & SECONDARY SCRAP. ASIA SUPPORTS: Scarcity and Asian demand still supporting scrap prices.
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6. UPDATE! – ALUMINA PRICE. SLIDE CONTINUES.
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7. UPDATE! – WORLD SMELTING PRODUCTION COSTS. DIVING COSTS. World smelting costs tumble amid alumina correction.
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8. LME Cash-3M backwardation gradually eases but nearby spread tightness prevails (bearish P1020 premiums).
The Cash-3M backwardation closed the week easing marginally to $… per mton from $… per mton on Thursday, as the backwardation ahead of April continued gradually…