Tight availability of metal and firm demand continued to drive aluminium premiums higher in the week to Tuesday April 19, with the duty-unpaid premium in Rotterdam reaching a new high, while the US Midwest premium held steady at its highest ever.
The benchmark aluminium premium in the United States fell from its all-time high amid reported discounting, after having broken a series of records in six of the past seven assessments, sources told Fastmarkets on Friday, March 18
Primary foundry alloy (PFA) premiums reached new all-time highs in both Europe and the United States in the month to Monday March 14, following increased supply concerns in both regions related to the Russian invasion of Ukraine
Despite the belief in some quarters that the benchmark aluminium premium in the United States had finally peaked, the P1020 premium rose to yet another all-time high on Friday March 11, approaching 40 cents per lb
The highly influential Midwest premium (MWP) for primary aluminium in the United States reached a fourth record-high in the past six assessments on Friday February 25, following Russia’s invasion of Ukraine the day before