LME price falls further amid demand concerns; EU’s potential exemption could be bearish for US VAP upcharges

August 6, 2021

WIRE ROD IS EXEMPTED.

1. US BILLET ALERT. THE GREEN REVOLUTION IS HAPPENING IN AMERICA: US green billet premium upcharge emerges.

2. US SLAB ALERT. AMERICA PAYS FOR GREEN ALUMINUM: Green slab upcharge emerges in the US.

3. LME prices end the week on a bearish note amid technical selling and a strong US Dollar.

4. SHFE aluminum prices continue to face resistance near... yuan per mton.

5. HARBOR FIRST ALERT. AA Metals acquires former JW Aluminum's Williamsport mill.

6. CANADIAN EXPORTS UPDATE. Canada’s P1020 exports to the US remain way above hard quota levels.

For more details, please see our full “Canadian Exports Update” released earlier today.

7. WORLD WIRE ROD ALERT. WIRE ROD IS EXEMPTED: Wire rod is exempted from Russia’s export tax on aluminum.

8. MEXICO EXTRUSION SCRAP ALERT. EXTRUSION SCRAP TIGHTNESS: 6063 scrap prices continue to increase.

For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.

9. LME Cash–3M contango loosens to a two-week high, but tightness persists for 2022.

More details in full report.

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