LME price up as selloff pauses; US Tariffs on Russia seen having limited effect despite reaching over...

1. LME prices up after falling sharply late last week.

2. LME Cash–3M contango narrows from 15-year highs, still supportive for new cash-and-carry deals.

3. SPECIAL ANALYSIS – US ALUMINUM IMPORTS. US Tariffs on Russia will reach over... % but are seen having limited effect on both primary and aluminum semis imports.

4. ALERT! – SMELTING COSTS. Smelting costs fall toward $... per mton.

For more details, please subscribe to HARBOR’s “Aluminum Smelting Cost” services.

5. ALERT! – US ROLLING MILL. DEMAND WOES CONTINUE. Prices fall further albeit at a slower rate on weak demand.

For more details, please subscribe to HARBOR’s specialized Aluminum Rolled Products Intelligence Report.

6. ALERT! – US SCRAP. SCRAP IS AVAILABLE. Scrap demand remains lackluster, supply ample, discounts attractively wide.

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

7. ALERT! – EUROPE PFA. UNCHANGED. No impact seen on European PFA from US import tariffs on Russian metal.

8. China’s aluminum prices rebound after nearing two-week lows.