European Al premiums hold ahead of LME rule change, Q2 buying

European aluminium premiums have remained stable at record highs over the last month, as a dip in spot activity and the looming changes to London Metal Exchange warehouse rules have failed to drag levels lower.

Metal Bulletin’s duty-paid aluminium premium stands at $340-370 per tonne, while the duty-unpaid range remains at $285-310 per tonne.
Some market participants have reported slightly lower numbers in the last week, after February's spot activity sank from the elevated levels in January when premiums first reached today’s record highs.

“We’ve seen lower numbers. It’s not a huge fall, but maybe $5-10 lower than in the last two weeks of February,” a consumer said, reporting duty-unpaid deals at the bottom of the...


Jethro Wookey

March 06, 2014

17:10 GMT