Freight, speculation push US Midwest aluminium premium higher

The Midwest aluminium premium in the United States has ticked up this week due to higher trucking costs and speculation of possible aluminium import tariffs.

Metal Bulletin sister publication American Metal Market’s latest assessment of the US Midwest P1020 aluminium premium rose to 9.5-9.75 cents per lb on Tuesday January 9 from last week's range of 9.4-9.5 cents per lb, marking the highest level since March 2017 when the premium was assessed at 9.5-10 cents per lb.

Spot demand remains quiet, with buyers said reluctant to engage the market until the Section 232 investigation results into the national defense implications of aluminium imports are released, according...


Kirk Maltais

January 10, 2018

01:11 GMT