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 the US premium over the month, narrowing arbitrage opportunities for the third straight month.
Widespread discounts for P1020, with the rise of competitively priced aluminium scrap substitutions, throughout April have led to a lack of consumer demand in the region. There was an abundance of duty-free metal in the US as well, market...