LME Aluminum 3M and CME MWP steady after US modifies the Section 232 tariffs on EU-produced steel and aluminum. |
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The Section 232 tariffs previously set a 25% import tax on EU-produced steel and a 10% tariff its aluminum. The new system will be based on a tariff quota ratio, in which a pre-determined quantity of a good is set at one tariff, and any quantity above that number has a higher tariff. Despite the modifications of the Section 232 tariffs, supply constraints which have elevated prices might continue. End users concerned with continued upside price risks could consider standard hedging structures, such as call options on LME Aluminum. (11/02/2021) |
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Note: Clients with AEGIS Platform access can see this and other research, plus hedge portfolio reporting and tools here. |
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Price Indications |
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Today's Charts |
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AEGIS Insights |
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11/01/2021: Section 232 Tariffs: Most relevant developments (AEGIS Reference) 10/28/2021: AEGIS Factor Matrices: Most important variables affecting metals prices 10/14/2021: Is It Wise to Hedge HRC Steel with Crude Oil? |
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Important Headlines & Economic Data |
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AISI Steel Capability Utilization Rate Investing.com Economic Calendar 11/02/2021: China eases power crunch with boost to coal production 11/02/2021: Aluminium prices to stay high until next year, owing to high energy cost: Global Analysts 10/30/2021: U.S., EU end Trump-era tariff war over steel and aluminum 10/30/2021: APAA Supports the Biden Administration's Tariff-Rate Quota Deal with the European Union 10/30/2021: USW Supports Interim Arrangement with EU on Section 232
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| Important Disclosure: Indicative prices are provided for information purposes only, and do not represent a commitment from AEGIS Hedging Solutions LLC ("Aegis") to assist any client to transact at those prices, or at any price, in the future. Aegis makes no guarantee to the accuracy or completeness of such information. Aegis and/or its trading principals do not offer a trading program to clients, nor do they propose guiding or directing a commodity interest account for any client based on any such trading program.
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