US Midwest aluminium premium static as buyers eye annual contracts

The US Midwest aluminium premium did not move this week, with buyers said to be turning their attentions to 2019 supply contract negotiations.

American Metal Market’s latest assessment of the spot P1020 premium maintained level at 20.75-21.25 cents per lb on Friday August 17, unchanged from last week. The premium is up 5.7% from its post-Rusal sanctions low of 19.5-20.25 cents per lb.

According to market participants, 2019 supply contracts are starting to become the main focus for buyers,...

Published

Kirk Maltais

August 17, 2018

18:54 GMT

New York