AEGIS Hedging - Metals First Look
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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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LME Aluminum 3M Select trades $-46.50 lower to $3340 at 8:17:52 AM
- (Bloomberg) – Aluminum extended its retreat from a four-year high after US President Donald Trump signaled a possible end to the Iran war, which has disrupted supplies of the metal from the Middle East. Prices fell as much as 3.5% on the London Metal Exchange after Trump said the war in Iran would be resolved “very soon” as he confronted mounting economic and political pressures after days of dramatic fluctuations in commodity markets. The metal later pared losses after orders to withdraw stockpiles from the LME’s warehousing network surged by the most since May 2024, in a further sign of the strain that the Iran crisis has placed on spot supply. The effective closure of the Strait of Hormuz has cut off Persian Gulf shipments of the metal, which account for about 9% of global production. Trump’s comments have eased worries around shipments from the Middle East, said Jon Li, an analyst with Guangzhou Finance Holdings Futures Co. Prices are unlikely to fall much further though, and aluminum in Shanghai could find support around 24,000 yuan ($3,475) a ton on rising spring demand in China, he added.
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LME Copper 3M Select trades $61.25 higher to $13014 at 8:17:53 AM
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CME HRC Steel last traded at $1017 and $-1 lower at 3/9/2026
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Price Indications
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Today's Charts
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Metals Factor Matrix
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AEGIS Factor Matrices: Most important variables affecting metals prices
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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. Certain information in this presentation may constitute forward-looking statements, which can be identified by the use of forward-looking terminology such as “edge,” “advantage,” “opportunity,” “believe” or other variations thereon or comparable terminology. Such statements are not guarantees of future performance or activities.
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