LME prices up above $... per mton as SHFE prices increase to new nine-year high
March 15, 2021
US OFF-GRADE ALUMINUM ALERT.
1. LME prices rally to the $... per mton zone on expectations of Chinese aluminum production cuts.
2. China's aluminum prices up and testing a new nine-year high.
3. LME Cash–3M contango widens to new five-month high, but longer-term spreads tighten.
4. US OFF-GRADE ALUMINUM ALERT. SOLD WITHOUT DISCOUNTS: Off-Grade units sold at par with MW premiums.
5. EUROPEAN ROLLING MILL ALERT. COIL TIGHTNESS TO INTENSIFY: European Commission likely to implement anti-dumping duties on Chinese FRP. For more details, please subscribe to our specialized Aluminum Rolled Products Intelligence Report.
More details in full report.