European Al premium expected to weaken until end of Feb

European aluminium premiums are likely to continue to weaken until the end of February, when consumers are expected to come back to the market for second-quarter volumes.

This year, Metal Bulletin’s duty-paid aluminium premium has fallen to $450-480 per tonne from $480-500, while duty-unpaid premiums have reached $370-390 per tonne from $400-430.   The numbers have fallen as consumers have not been in the spot market for large volumes, as they were at the start of 2014. Having seen premiums spike by $100 in January last year, consumers booked almost all their first-quarter needs on contracts this time. Combined with high global production, the...


Jethro Wookey

February 03, 2015

15:30 GMT