US Midwest aluminium premium supported by rising freight costs

The US Midwest aluminium premium was unchanged on Friday May 4, with market participants telling American Metal Market that soaring freight rates are supporting elevated numbers.

American Metal Market’s latest assessment maintains the premium at 21.5-22.5 cents per lb, which is unchanged from May 1 but slightly down from 22-22.5 cents per lb on April 27.

Freight rates in the United States have jumped up considerably recently, which is staving off any downward pressure in the spot market despite the deadlines extended...

Published

Kirk Maltais

May 07, 2018

03:30 GMT