Biggest LME price rally on record; over... mton of P1020 units returning to the Western World from China

1. LME prices end the week above the $3,800 per mton mark as ongoing price rally becomes the strongest ever. Door open for further sharp daily price increases.

2. LME Cash–3M backwardation at one-week high as tightness intensifies ahead of May; long-term backwardations reach new decade highs.

3. China’s aluminum prices fall after testing a four-month high yesterday.

4. ALERT! – LME & PREMIUMS. OPEN ARB FOR BOOMING CHINESE EXPORTS: Traders shipping over... mton of western aluminum units back to Europe and the US, massive Chinese aluminum exports seen ahead.

5. RERUN: ALERT! – GREEN ALUMINUM. MORE RECYCLING COMING: China and Turkey announce more recycling projects.

6. EUROPE PFA ALERT. UNCERTANTY ON THE RISE: Spot PFA premiums unchanged amid increasing demand outlook uncertainty.

7. EUROPEAN SCRAP ALERT. INCREASED UNCERTAINTY: Short-term pricing spikes but demand uncertainty rises.

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8. US SCRAP ALERT. Aluminum scrap profitability spikes, confirms “green gold” status.

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9. US A356 WHEEL SCRAP ALERT. STRONG DEMAND FOR HARDENER REPLACEMENTS: Auto scrap wheels continue to climb in price and consumer demand.

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