ALUMINIUM ARB INDICATOR: Flat US Midwest premium keeps estimated arbitrage relatively steady

Estimated arbitrage opportunities between Southeast Asian warehouses and the US Midwest were little changed in September, on a steady US aluminium market.

Fastmarkets' assessment of the monthly average midpoint for the aluminium P1020A premium, ddp Midwest US, was $391.32 per tonne for September, steady from $391.93 per tonne the month before.
A lack of liquidity on the back of weak demand and unchanged market fundamentals have led to a pressured but stable premium in the US for most of September.

Despite the stagnant market, premiums in the US Midwest continue to stand strong compared to markets in Europe and Asia,...

Published

Justin Yang

October 02, 2019

13:03 GMT

London