LME Aluminum 3M is down slightly despite renewed supply concerns. |
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An explosion and subsequent shutdown occurred at one of China’s largest aluminum smelters last Thursday night. Thism in part, led to aluminum prices rallying on Friday. According to data from the Chinese government, aluminum production has dropped in recent months due to high electricity costs. Further prolonged shutdowns may prop up aluminum prices in China and at the LME. (11/22/2021) |
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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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11/15/2021: Section 232 Tariffs: Most relevant developments (AEGIS Reference) 11/12/2021: 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 11/22/2021: The $5 billion hoard of aluminium the world wants but can't have 11/19/2021: Aluminium jumps on supply worries after report of China smelter blast
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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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