The US Midwest aluminium premium fell slightly on Friday October 9, after some traders revised offers down following a contraction on the London Metals Exchange's (LME) aluminium spreads and an uncertain market outlook.
Fastmarkets assessed the aluminium P1020A premium, ddp Midwest US at 12-13.5 cents per lb on October 9, down 3.7% from 12.5-14 cents per lb where it had been steady for over a week."The shrinking contango is clearly going to make traders [who are] long on units in a falling premium market really think about...