ALUMINIUM ARB INDICATOR: Arbitrage remains flat despite virus-related freight rate drop

Market participants avoided sending aluminium from Southeast Asia to the United States due to weak aluminium prices on the London Metal Exchange and premiums in the US Midwest.

Fastmarkets’ aluminium P1020A premium, ddp US Midwest averaged $313.81 per tonne (15 cents per lb) at the midpoint in February, down from $328.24 per tonne the month before. The LME aluminium cash price traded at an average of $1,685.46 per tonne in February, down from $1,771.43 per tonne in January.
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Published

Justin Yang

March 04, 2020

14:52 GMT

London