Platts
Tight duty-unpaid supply keeps Europe aluminium premiums firm
Edited by : AL CIRCLE
1 min read
Physical aluminium premiums in Europe remain firm, with tight availability of duty-unpaid metal putting a floor under the market and maintaining duty-paid premium levels at around the $200/mt level plus LME cash, market sources said this week.
"There is some demand but the problem is that duty-unpaid metal is disappearing. The insufficient supply of duty-unpaid has pushed duty-paid premiums up," said one European trader.
"It seems that there's no fresh metal coming from overseas to Europe," he added, citing scarce availability of Russian and Canadian material.
"There is some demand but the problem is that duty-unpaid metal is disappearing. The insufficient supply of duty-unpaid has pushed duty-paid premiums up," said one European trader.
"It seems that there's no fresh metal coming from overseas to Europe," he added, citing scarce availability of Russian and Canadian material.
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