LME prices post new highs nearing $... per mton; European Green slab upcharge as high as $...per mton
1. LME prices reach intraday levels within 1% of HARBOR’s $... per mton target, close lower on profit taking.
2. GREEN ALUMINUM ALERT. GREEN WAVE GAINS STRENGTH: European Green slab upcharge increases to a high of $... per mton.
3. US WIRE ROD ALERT. STRONG AND TO GET STRONGER: EC wire rod demand to get a boost from winter storms.
4. ALUMINUM PRODUCTION UPDATE. ROW’s primary aluminum production up to all-time high after expanding in January at strongest pace in ten months.
5. US CANSHEET ALERT. IT’S OFFICIAL: Arconic to re-enter cansheet business. For more details, please subscribe to our specialized Aluminum Rolled Products Intelligence Report.
6. ALUMINUM CAN ALERT. CAN BUSINESS GOING PUBLIC: Ardaghto spin off aluminum can business. For more details, please subscribe to our specialized Aluminum Rolled Products Intelligence Report.
7. LME nearby backwardation continues to intensify, but contangos widen after March.
8. China’s aluminum prices fall but remain near year-to-date high.
More details in full report.