ALUMINIUM ARB INDICATOR: Participants avoid US aluminium arbitrage on freight rates, political fears

March 07, 2019 / www.metalbulletin.com / Article Link

Higher freight rates and continued fears of political uncertainty in the United States deterred aluminium participants from shipping metal from warehouses in Asia to the US in February.

The reluctance from market participants to take advantage of a slightly wider month-on-month arbitrage from London Metal Exchange warehouses in Asia to the US comes despite an increase of the P1020 US Midwest delivered premium in February. The average midpoint of the US Midwest premium rose to $429.90 per tonne in February, the highest since November 2018, up from $418.97 per tonne in January. Despite firmer premiums in the US though, increased freight rates at some London Metal Exchange warehouses...

Recent News

Copper market distortions driven by new US tariff policies

July 28, 2025 / www.canadianminingreport.com

Gold stocks up even as metal pulls back

July 28, 2025 / www.canadianminingreport.com

Gold stocks down as markets continue to new highs

July 21, 2025 / www.canadianminingreport.com

TSXV Top 20 Gold market cap shifts away from exploration

July 21, 2025 / www.canadianminingreport.com

Many new players enter TSXV gold Top 25 by market cap

July 14, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok