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Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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June 2019 | Aluminium Weekly Market Tracker


The normalization of US premium has still not occurred: Market Summary and Analysis


Why has the return of Canada material, which accounted for 51% of total US primary aluminium imports in 2018, not been followed with a normalization of Midwest premium?

The normalization of US premium has still not occurred... President Trump announced in May that the United States had reached an agreement to remove Section232 tariffs on products imported from Canada and Mexico. At that time we stated our belief that following the removal US Midwest premiums would drop from their elevated levels. The latest assessment of the Midwest premium was $18.5-19 per lb ($407.85-418.87 per tonne) on Friday Jun 14, unchanged since May 21, when the premium declined for the first time following the removal of Section 232 tariffs on Canada and Mexico. ... following the removal of Section 232 tariffs on Canada and Mexico Why has the return of Canada material, which accounted for 51% of total US primary aluminium imports in 2018, not been followed with a normalization of Midwest premium? Or more importantly, will the premium stay at the current elevated levels? While the Section 232...

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