- Premiums in Spain and Italy rise on firmer Rotterdam premiums.
- The domestic Brazilian premium hit the lowest this year with companies discounting metal.
- South Korean and Japanese premiums were steady with participants focused on quarterly negotiations.
- US Midwest premium stable for fifth consecutive week.
Italy, Spain markets follow Rotterdam premiums higher
Aluminium premiums in Italy and Spain rose on Tuesday following an increase in the Rotterdam premium the week before.
Fastmarkets assessed the aluminium P1020A premium, fca dp Italy
at $180-190 per tonne on Tuesday, widening upward by $5 per tonne from $180-185 per tonne a week earlier. The aluminium P1020A premium, fca dp Spain
was similarly higher at $180-190 per tonne on Tuesday, compared with $175-185 per tonne on August 27.
The rise in Spain and Italy premiums was driven by recent strength in Rotterdam aluminium premiums - which in turn were supported by relatively wide contangos in nearby...