European aluminium premiums mostly stable
- European premiums flat in quiet conditions.
- Brazil import premium rises in line with recent global increases.
- Japan, Korea premiums steady due to regional holidays.
- US Midwest premium static.
Premiums for aluminium in Europe were mostly steady and well-supported on Tuesday despite limited spot interest.
Fastmarkets assessed the aluminium P1020A premium, in-whs dp Rotterdam
, at $380-390 per tonne on Tuesday, unchanged since September 10.
“In P1020, things are dead, it’s status quo and there’s nothing special,” a trader in Europe said.
Fastmarkets assessed the aluminium P1020A premium, in-whs dup Rotterdam
, at $300-310 per tonne on Tuesday, unchanged since August 31.
“I haven’t seen any interest from anyone [for duty-unpaid metal this week]," a second trader in Europe said.
Market participants are already looking to sign longer-term deals for 2022 with discussions in their early stages.
“The mating season has just begun, and no...