The US Midwest aluminium premium fell to its lowest point in more than two years on Friday February 28, with many sources indicating that the premium has come under downward pressure while the novel coronavirus (2019-nCoV) outbreak sours the demand outlook.
Fastmarkets' aluminium P1020A premium, ddp Midwest US, fell to 13.5-14.5 cents per lb on February 28, down by 0.25 cents on the low end and down by 0.5 cents on the high end from 13.75-15 cents per lb previously.The premium is now at its lowest since it stood at 13-13.5 cents per lb in mid-February 2018 - shortly before the premium hit a three-year...