In the US, the aluminium wheel alloy silicon 7 ingot/t-bar premium, delivered duty-unpaid
, declined to 9-12 cents per lb on July 12 from 12-15 cents per lb in the previous monthly assessment in June.
The premium is now at its lowest since March 2018 when it stood at 10-11 cents per lb.
Spot activity is increasingly quiet, with several market participants unaware of any trades outside long-term contracts. Seasonality is in play - demand...