US Midwest aluminium premium ticks up on Canada rail block

The US Midwest aluminium premium reversed a more than nine-month downtrend on Tuesday February 25 with some deals concluded at slightly higher premiums, but spot opportunities remain limited and trade disruptions have amplified uncertainty.

Fastmarkets’ aluminium P1020A premium, ddp Midwest US was assessed at 13.75-15 cents per lb on February 25, narrowing upward from the previous range of 13.5-15 cents per lb, where the premium had held since January 31. This marks the first upward move since early May 2019, when the premium stood at 18.75-19.25 cents per lb.
The premium has been declining more generally since reaching a three-year high at 22-23 cents per lb in April 2018.

The latest increase reflected deals communicated...

Published

Michael Roh

February 25, 2020

20:31 GMT

New York