US Midwest Al premium near 4-month high

The United States Midwest aluminium premium hit a nearly four-month high on Tuesday August 4, with the market widely assuming further increases due to expectations that Canada will again face US tariffs - a factor that has continued to boost offers and tighten discounting.

Fastmarkets assessed the aluminium P1020A premium, ddp Midwest US at 11-12 cents per lb on August 4, up by 4.5% from the 10.5-11.5-cent-per-lb range maintained since July 21 and the highest point since it was assessed at 10.5-12.5 cents per lb on April 7.

Offers and valuations firmed in the latest pricing session amid traders' expectations that Canada will...

Published

Michael Roh

August 04, 2020

19:37 GMT

New York