LME price retreats toward two-month lows amid booming Chinese aluminum exports, massive restart in Brazil and Mega smelter in Indonesia

NOTE: HARBOR’s Daily Aluminum Commentary will not be published between April 14 and April 18 due to the Easter Holiday.

1. LME price continues to face selling, door for $... per mton could be opened tomorrow.

2. ALERT! – CHINA EXPORTS. RECORD CHINESE EXPORTS: China’s aluminum exports jump by... million mton y/y to a new record high

3. ALERT! – BRAZIL ALUMINUM PRODUCTION. RESTARTS KICK-IN: Brazil begins its quest to restart almost... k mtpy in 2022.

4. RERUN: ALERT! – ALUMINUM PRODUCTION. NEW MEGA SMELTER:... mtpy smelter in Indonesia accelerates construction amid record smelting profitability.

5. China’s aluminum prices regain some ground after testing technical support.

6. BRAZIL ALUMINUM ALERT. DISCONNECTED: Brazil’s P1020 premiums decoupling from rest of the world.

7. LME Cash–3M contango narrows from four-week highs, environment still unsupportive of cash-and-carry deals.

8. US PAINTED SIDING SCRAP ALERT. PROMPT NEEDS: Several US brokers are looking for prompt loads of painted siding.

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

9. US TWITCH ALER. LOWER PRICES: Twitch prices fall as market seems long.

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