LME price posts record volatility; US-UK Section 232 deal not relevant for MW premium
March 24, 2022
SECTION 232 UPDATE.
1. LME prices retrace from two-week high, falling in tandem with energy prices but remaining supported by geopolitical uncertainty. LME aluminum price volatility reached today a new record high.
2. SECTION 232 UPDATE. US Section 232 Tariff agreement with the UK replaces the... % duty with a Tariff Rate Quota (TRQ) of approximately... mton for aluminum semis—not relevant for the MW P1020 premium, as UK exports of primary aluminum to the US are basically...
3. China’s aluminum prices face selling pressure after yesterday’s two-week high.
4. LME Cash–3M contango loosens from two-week low, but tightness persists after April.