LME prices struggle to remain above $... per mton; MW financials up to a new two-year high

March 16, 2021

US MW FINANCIALS ALERT.

1. LME prices fall but settle just above $... per mton; resistance continues to be seen at $... per mton zone.

2. US MW FINANCIALS ALERT. YES, SECTION 232 TO STAY: CME MW premium financials spike and curve flattens.

3. LME canceled warrants surge in Malaysia by the most in a year; load-out queues could emerge again (premium supportive).

4. LME Cash–3M contango narrows from five-month highs amid a surge in aluminum canceled warrants.

5. EUROPE SLAB ALERT. BULLISH CUES: Slab premium set to rally amid likely AD duties.

6. US 6061 SPC SCRAP ALERT. SCRAP SHORTAGE—WEST COAST CHAPTER: 6061 SPC scrap units in high demand out west. For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.

7. China's aluminum prices fall after testing a near decade high.

More details in full report.

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