São Paulo premium ticks up on dissipating discounts
Rotterdam premiums flat, trades thin
US Midwest premium unchanged on seasonality
MJP steady amid Japanese holidays.
Delivered premium up in Brazil
The Brazilian domestic premium for aluminium improved in the latest assessment, with discounts from local producers being removed from the market. Despite the upturn in Europe, however, the import premium remained unchanged in Brazil.
Fastmarkets’ assessment for the aluminium P1020A premium, delivered São Paulo region, was $230-250 per tonne on August 13, compared with $220-240 per tonne two weeks before. The premium moved after three months of stability, with the most recent previous change being on April 23, when the price narrowed upward by $10 per tonne.
The assessment of the aluminium P1020A premium, cif dup Brazilian main ports, was flat on Tuesday at $155-165 per tonne. Offers from Asia were closer to the low end of the range, while...