LME price plummets after initial spike, geopolitical conflict could further push up cost of logistics and product premiums
February 28, 2022
ALERT! – ALUMINA PRICES.
1. LME PRICE ALERT. LME price plummets again after initial spike.
2. China’s aluminum prices fall as underperformance continues.
3. ALERT! – ALUMINA PRICES. Ukraine's alumina shipment disruptions are bullish for alumina spot prices.
4. EUROPE SLAB ALERT. TIGHTENING CONDITIONS: Strong demand and supply issues continue to plague European slab market.
5. LME Cash–3M backwardation eases to a two-week low, but conditions continue to be severely tight (bearish for P1020 premiums).
6. US EC 1350 WIRE SCRAP ALERT. SOARING DEMAND FOR CUTTER GRADES: Prices for EC 1350 scrap and A356 scrap wheels jump.
For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.
More details in full report.