1. LME price rally fades amid no indications aluminum will be included in the new round of US and European sanctions.
2. ALERT & ANALYSIS! – LME PRICE. For now, we see no evidence, signals, nor compelling reasons to expect aluminum products to be covered by upcoming US measures against Russia.
3. China’s aluminum price falls after testing two-week highs.
4. RERUN: ALERT! – EUROPEAN SLAB. SLAB PREMIUMS PLUNGE: European slab spot upcharges gap down to their lowest levels in almost two years.
For more details, please see HARBOR’s “ALERT! – European Slab” released yesterday.
5. ALERT! – US UBC. TRYING TO PUSH PRICES UP: UBC offers jump to 70% of MWTP, no deals confirmed yet.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
6. LME Cash-3M contango widens sharply to a one-month high and turns attractive for cash-and-carry deals.