US Midwest aluminium premium flat in dormant spot market

The spot aluminium premium in the United States was flat for a third week in a row, with market participants indicating that the spot market is generally bereft of activity.

American Metal Market’s assessment of the US Midwest P1020 spot premium held at 9.25-9.5 cents per lb on Tuesday November 28, with most market participants reporting that customers are largely focused on purchasing secondary aluminium, if anything at all.
“One of our customers sent us an email and said ‘Sorry, we’re going to be buying our minimum of P1020 - our scrap flow is crazy,’” one supplier source said.

The US primary aluminium...

Published

Kirk Maltais

November 29, 2017

01:39 GMT

New York