Fastmarkets assessed the Rotterdam P1020 duty-unpaid in-warehouse premium at $85-90 per tonne Monday, unchanged from last Friday. The duty-paid premium was assessed Friday May 17 at $140-150 per tonne.
The steadiness in Europe comes as a contrast to the US market, where an anticipated inflow of now duty-free Canadian metal is expected to pressure the US premium lower. Fastmarkets on Friday assessed the P1020 Midwest premium at 18.75-19.25 cents per lb, but some participants expect it to drop 3-5 cents per lb in the near term.
The Midwest premium will next be assessed Tuesday May 21.