Fastmarkets assessed the aluminium P1020A premium, ddp Midwest US at 26-27 cents per lb on April 30, up by 8.16% from its previous record high of 24-25 cents per lb and up by 60.61% from 16-17 cents per lb at the start of March.
No market participants who spoke with Fastmarkets during the pricing assessment period viewed spot premiums below this range as achievable.
Thin inventories in the US market have continued to push the premium higher.
“Supply is tight. And the price...