LME price up to one-week highs on China optimism; ROW’s manufacturing activity contracts further

1. LME prices supported by China demand optimism, continue to trade within HARBOR’s identified trading range of $... per mton.

2. ALUMINUM DEMAND UPDATE. World manufacturing activity was stalled in February as China’s rebound could not offset the ongoing contraction in the Western World.

3. China’s aluminum prices are up but lacking conviction to reach the upper end of their seven-month trading range.

4. ALERT! – CHINA ALUMINUM. NEGLIGIBLE IMPACT. Still no confirmation of meaningful smelting cuts in China, while the domestic surplus has swollen in Q1.

5. RERUN: ALERT! – US TARIFFS ON RUSSIA. Most US Imports of Aluminum Finished Products will not face... % Tariff.

6. LME Cash–3M contango remains near fifteen-year highs, supportive for cash-and-carry deals.