European ali premiums at 3-1/2 mth lows on tighter spreads

摘要

Spot Rotterdam aluminium premiums have dropped to their weakestlevels since early in February, tracking the downward trend in USMidwest rates due to ample supply availability and a tightening ofnearby London Metal Exchange spreads.“There are more offers on the spot market and the spreads largelyexplain that,” a trader said. “Demand for P1020 is also a bit softer,maybe because there is plenty of scrap available due to the higherLME prices,” he added.