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Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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April 2018 | Aluminium Weekly Market Tracker


LME 3m al price climbing to a six-year high: Market Summary and Analysis


Along with surging prices, physical premiums have also spiked in response to the sanctions imposed by the US Treasury.

LME 3m al price climbing to a six-year high The LME 3m aluminium price has been on a fierce rally over the past week – climbing to a six-year high of $2,340/tonne early on Friday and testing above $2,370/tonne on Monday this week. This follows the US sanctions on Rusal and the fact that the LME introduced a suspension on placing Rusal metal on-warrant, effective from April 17. Since the suspension, the LME saw a 100,000-tonne delivery on April 12, alongside the largest Rotterdam aluminium delivery into the exchange since 2014. Physical premiums have also spiked Along with surging prices, physical premiums have also spiked in response to the sanctions imposed by the US Treasury. The US Midwest aluminium premium has jumped almost 20% week on week to a near-record, while rates in Brazil are also at their highest since 2015. And the Asian and European markets remained mostly firm...

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