1. SPECIAL ALERT! – US TARIFFS. NEW 25% TARIFF OFFICIAL, NO EXCEPTIONS NOR EXCLUSIONS: US hikes Section 232 Tariff to 25% on all countries, no exemptions nor exclusions.
President Trump has signed executive orders increasing US Section 232 Tariffs on aluminum to 25% from 10% effective March 12, removing all country exemptions and canceling the product exclusion process. As indicated before, the MW P1020 duty-paid premium is expected to spike toward…
2. ALERT! – US BILLET. BULLISH FOR US EXTRUDERS & BILLET PREMIUMS: US extrusion demand & billet upcharge to increase.
Recently announced 25% Tariff on US imports of aluminum set to boost US extrusion demand and push billet premiums between… cent/lb.
3. LME price retreats as the market continues to digest yesterday’s US Tariffs announcement.
LME Cash aluminum prices closed the session down 0.6% or $… per mton, at $… per mton. Prices fell throughout most of today’s session after Monday’s evening confirmation the US will raise Section 232 Tariffs on all aluminum imports from all countries to 25% and remove all country/product exemptions. Aluminum prices fell along with…
4. China’s aluminum prices retreat after testing fresh two-month highs.
SHFE front-month aluminum prices faced technical selling at today’s two month intraday high… yuan per mton, closing today at… yuan per mton. Prices initially climbed along with…
5. LME nearby tightness persists as February-April remains in backwardation (bearish P1020 premiums).
The Cash-3M backwardation eased to $… per mton, from $… per mton previously, mostly amid an easing March–April backwardation that settled at $…