Deciphering European aluminum premiums: balancing bullish sentiment and demand realities
January 2, 2024 Comments Off
A recent uptick in the P1020 European aluminum premiums amid newfound bullish sentiment marked the end of 2023, sparking questions around the foundations of elevated levels as longer-term visibility and demand expectations remain sub-optimal. Platts assessed the European duty-paid premiums at $230-$250/mt in-warehouse Rotterdam on Jan 2, with 30 days payment terms, up $35 on month at the midpoint but…
Deciphering European aluminum premiums: balancing bullish sentiment and demand realities
A recent uptick in the P1020 European aluminum premiums amid newfound bullish sentiment marked the end of 2023, sparking questions around the foundations of elevated levels as longer-term visibility and demand expectations remain sub-optimal. Platts assessed the European duty-paid premiums at $230-$250/mt in-warehouse Rotterdam on Jan 2, with 30 days payment terms, up $35 on month at the midpoint but…
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