Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

US primary aluminum premiums decreased marginally this week as North American supply remained plentiful amid weakening demand.


The Davis Index premium for P1020a delivered US Midwest lowered to 13.6¢/lb under the three-month LME aluminum contract, down from 13.8¢/lb a week ago, while the index for 6063 billet del US premium remained flat at 7¢/lb under the same LME Aluminum contract.


The three-month LME Aluminum contract closed at $1,717/mt today, up $21/mt from $1,696/mt on Feb 24.


The premiums for both P1020a and 6063 were unchanged for about a month before this week’s downward movement. Domestic business activity is slowing down on concerns over the news of the first Covid-19-related death in America and the change in premiums on Monday signaled the market’s first reaction to the continued spread of the virus on US soil. 

Leave a Reply

Your email address will not be published.