MW P1020 premium up to as high as... cent/lb; LME prices test $... per mton intraday levels
March 17, 2021
US MW PREMIUM ALERT.
1. LME prices reached a 29-month intraday high of $... per mton, approaching upper end of $... per mton technical resistance zone.
2. US MW PREMIUM ALERT. COVERING REPLACEMENT COSTS: MW P1020 spot gaps up to... cent/lb.
3. HARBOR FIRST ALERT. HARBOR ANNOUNCES NEW European 1350 EC Rod Annual Green/Low-Carbon Aluminum Upcharge!
4. LME Cash–3M contango at the widest in five months, supportive of financing deals.
5. China's aluminum prices bounce back toward nine-and-a-half-year highs.
More details in full report.