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LME prices down to three-year lows; Secondary prices plummet


Executive Summary

1. LME prices down to fresh lows amid US dollar rally and economic activity curbs in Europe; ongoing downtrend targets as low as $... per mton; secondary prices plummet.

2. US ROLLING MILL UPDATE. By March 30, the DoC will decide if an investigation will be launched or not on US common alloy sheet imports.

3. LME Cash-3M contango and longer-term spreads widen amid apparent consumer hedging activity.

4. China’s aluminum prices down to new 38-month lows amid global market turmoil.

More details in full report.