Winter lull hits US aluminium market despite 232 uncertainty

The US Midwest aluminium spot premium has stayed unchanged for the fifth week in a row, with the spot market seeming to fall into a lull ahead of the Christmas holiday.

American Metal Market’s latest assessment of the US Midwest aluminium premium remained at 9.25-9.5 cents per lb, where the price has stayed since November 7. The premium has held above the 9-cent-per-lb level since late September.
Market participants said that many of their colleagues have opted to take vacations before the Christmas and New Year period - effectively making the already-quiet spot market that much starker.

But while current spot rates are staying flat, US Midwest premium futures appear to be rising in reaction to recent reports...


Kirk Maltais

December 13, 2017

00:55 GMT