February 2020

Secondary aluminium alloy A380.1, 319.1 prices continue ascent in US

The price for benchmark secondary aluminium alloy A380.1 rose to its highest point in nearly seven months on Thursday February 27, with firming scrap prices encouraging loftier-priced deals in the United States' secondary ingot market.

US aluminium scrap market mixed; supply still tight

Sentiment in the United States' aluminium scrap market was mixed this past week due to ongoing uncertainty surrounding the long-term effects of the novel Coronavirus (2019-nCoV). Generally, the supply side remained tight for those buying in the US despite slowing export demand.

US Midwest aluminium premium slips to two-year low

The US Midwest aluminium premium fell to its lowest point in more than two years on Friday February 28, with many sources indicating that the premium has come under downward pressure while the novel coronavirus (2019-nCoV) outbreak sours the demand outlook.

US aluminium billet premium falls after 3-month stasis

The aluminium extrusion billet premium in the United States declined on Friday February 28, with extruders continuing to eschew spot purchasing and billet producers competing for limited spot opportunities.

LIVE FUTURES REPORT 28/02:LME lead briefly slips below $1,800 mark; backwardation continues

The London Metal Exchange three-month lead price slipped below $1,800 per tonne temporarily on Friday February 28, on a day that saw just over 6,000 lots traded.

PRICING NOTICE: Discontinuation of three US Midwest $/lb price assessments

Fastmarkets has discontinued the publication of three base metals premiums, devised via calculation, after a month-long consultation.

ALUMINA ROUND-UP: Fob Australia alumina index at highest since July 2019

Benchmark alumina prices climbed to a seven-month high on Friday February 28 with deals concluding above $300 per tonne.

HOTTER ON METALS: Coronavirus adds pressure to diversify supply chains

The novel coronavirus (2019-nCoV) is set to accelerate what the trade wars started: the diversification of global supply chains.

Rusal sales volumes increase in Q4, FY 2019; warns of bearish coronavirus effects on market

Rusal’s aluminium sales volumes rose in the fourth quarter and year ended December 31 2019, but novel coronavirus-related effects on the economy could be bearish for the aluminium market, the company warned.

FOCUS: MJP Q2 premium under pressure from Covid-19 concerns, market says

The global novel coronavirus (2019-nCoV) outbreak is putting bearish pressure on negotiations for the second-quarter MJP aluminium premium, according to market participants who told Fastmarkets they expect the premium to fall year on year.