TIGHTNESS IS REAL: LME prices at two-week highs, Back intensifies, A380 spot price gaps up to...
1. LME prices up further above $... per mton; Cash price outperforms amid tighter prompt availability conditions and warrant cancelations.
2. BULLISH PREMIUMS THIS TIME. LME backwardation is the tightest in 13-months, another big sign of how tight the market is.
3. MEXICO SECONDARY ALERT. THE RALLY CONTINUES: A380 prices jump to $... USD/lb. For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.
4. REURN. US IMPORTS ALERT. DELAYED: US import monitoring system delayed until March.
5. China’s aluminum prices rise toward one-week highs and above key support.
More details in full report.