ALUMINIUM ARB INDICATOR: Arbitrage into US narrows on US Al oversupply, increased shipping costs

Weak United States aluminium premiums and increased ocean shipping costs led to a continued narrowing of the estimated arbitrage between Southeast Asia warehouses and the US Midwest.

Fastmarkets assessment for the average monthly midpoint of the P1020 US Midwest aluminium premium was at $418.87 per tonne in April, flat from March.

Oversupply has created pressure on...

Published

Justin Yang

May 01, 2019

17:10 GMT

London