Washington—The Platts US aluminum premium fell to 17.5 cents/lb plus London Metal Exchange cash, delivered Midwest, on Tuesday, as the same bearish factors of tightening London Metal Exchange spreads and weak demand continued to plague the market. Market indications have trended lower recently, and this week saw deals transacted at discount levels to Platts current assessed value. A trader reported selling 80 mt (small tonnage) at 17.85 cents/lb, delivered Midwest for November, net-30 terms, which would normalize to 17.6 cents for average tonnage size. The trader said he was offering between 17.75 and 17.85 cents delivered Midwest.
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