Aluminium premiums, prices rally in Europe amid tight supply across complex
Continued tightness in aluminium supply and improved demand have sparked another sharp increase in aluminium premiums in Europe, for both primary metal and value-added products.
The benchmark aluminium P1020A premium, in-whs dup Rotterdam increased to $120-128 per tonne on Friday February 19, up by 3.77% from $117-122 per tonne the previous day and the highest level since reaching $120-130 per tonne in late-May 2018.
Deals within the $120s-per-tonne range have been consistently taking place in the market over the past few days, with the lack of unpaid units in Rotterdam continuing to fuel the rally.