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LME price stuck in range while demand worries increase; Latest EU sanctions exclude again Russian aluminum exports

ALERT! – EUROPE ALUMINUM.

1. LME prices range-traded between $... per mton and $... per mton amid mounting expectations of aggressive monetary tightening.

2. ALERT! – EUROPE ALUMINUM. NO CHANGE: Russian aluminum exports remain off the table in latest EU sanctions package.

3. LME Cash–3M contango widens to new three-week highs, while far-out backwardations continue to ease.

4. RERUN: US SCRAP ALERT. HEATED COMPETITION IN THE US SOUTH: Mexican buyers are increasingly looking for scrap items in the US South.

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

5. The Shanghai Futures Exchange (SHFE) was closed today due to the Tomb-Sweeping holiday. Trading will resume on Wednesday, April 6.