The Aluminum Monthly Metals Index (MMI) jumped 7.7% for this month’s reading, as the aluminum physical delivery premium continues to rise. Do you know the five best practices of sourcing metals including aluminum? Delivery premium continues to rise The US Midwest Premium, like just about everything else these days, continued to inch upward in recent weeks. […]
Tag: Aluminum MMI
Aluminum MMI: Buyers see tight supply, rising physical delivery premiums
The Aluminum Monthly Metals Index (MMI) ticked up 2.0% for this month’s reading, as aluminum premiums remain elevated. Does your company have an aluminum buying strategy based on current aluminum price trends? Rising physical delivery aluminum premiums For aluminum buyers vying for material, they’re finding physical delivery premiums are elevated. In fact, rising premiums are […]
Aluminum MMI: China’s latest five-year plan could support aluminum prices
The Aluminum Monthly Metals Index (MMI) picked up 6.3% for this month’s reading, as the China aluminum sector could get a price boost from the 14th Five-Year Plan. Furthermore, the Department of Commerce made anti-dumping and countervailing duty determinations on aluminum sheet. China’s 14th Five-Year Plan By virtue of its having the largest aluminum and […]
Aluminum MMI: US reinstates tariff on aluminum imported from UAE
The Aluminum Monthly Metals Index (MMI) increased by 2.1% this month, as LME aluminum prices traded sideways and the US reinstated the Section 232 aluminum tariff on imports from the United Arab Emirates. U.S. aluminum reinstates aluminum tariff on UAE On Feb. 1, President Joe Biden reinstated the 10% aluminum tariff on imports from the […]
Aluminum MMI: DOC to launch new Aluminum Import Monitoring system
This month the Aluminum Monthly Metals Index (MMI) remained flat, as the Department of Commerce announced the creation of a new Aluminum Import Monitoring and Analysis system. Does aluminum content call to you? We’re rolling out more on LinkedIn. New Aluminum Import Monitoring system On Dec. 23, 2020, the U.S. Department of Commerce announced the […]
Aluminum MMI: Prices breach the $2,000/mt mark
This month the Aluminum Monthly Metals Index (MMI) rose by 7.9%. Check if your service center is providing you with price transparency for your aluminum spend. Aluminum prices continue uptrend During November, LME aluminum prices increased by 10.9%, closing at $2,023/mt. This means that since its April low, the price recovered 38.5% and even reached […]
Aluminum MMI: Aluminum prices continue to receive support
This month the Aluminum Monthly Metals Index (MMI) rose by 3.5%, as the aluminum price made gains in October. Are you prepared for your annual aluminum contract negotiations? Be sure to check out our five best practices. Aluminum prices and demand increase The LME aluminum price reached a 17-month high on Oct. 16 at $1,863.50/mt. […]
Aluminum MMI: SHFE, LME trade sideways; India, Europe look to protect domestic industries
This month the Aluminum Monthly Metals Index (MMI) remained flat for this month’s index value, as the SHFE aluminum price and its LME counterpart trended sideways this past month. Do you use cost breakdowns in your aluminum negotiations? See other tips in negotiating with mills and service centers. SHFE, LME prices’ behavior The SHFE aluminum […]
Aluminum MMI: SHFE, LME arbitrage influenced by weaker U.S. dollar
The Aluminum Monthly Metals Index (MMI) increased by 2.4% for this month’s MMI value. Want more from MetalMiner? We offer exclusive analyst commentary in our weekly, monthly, or quarterly updates – all metals, no sales fluff. Sign up today. SHFE, LME arbitrage LME and SHFE aluminum prices traded sideways this past month. The LME price […]
Aluminum MMI: Chinese aluminum demand remains strong, imports surge
The aluminum price on the SHFE is outpacing its LME counterpart and Chinese demand for the metal remains strong.
