The US Midwest aluminium premium fell in the week ended Tuesday March 3 to its lowest since February 2018, but other global premiums remained well supported by the contango in nearby spreads on the London Metal Exchange.
Canadian rail situation resolvedEyes on April-May spreads in RotterdamMJP second-quarter negotiations begin.The premium was now at its lowest point since it was $0.13-0.135 per lb in mid-February 2018. The downward move reversed a temporary boost from earlier last week, when slight support for the premium came from elevated freight costs for Canadian shipments, resulting from blockades on rail lines...