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    Home > Chemicals Industry > New Chemical Materials > Aluminum premium rose to a three-year high affected by the United States' tariffs on aluminum products

    Aluminum premium rose to a three-year high affected by the United States' tariffs on aluminum products

    • Last Update: 2022-12-08
    • Source: Internet
    • Author: User
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    U.
    S.
    aluminum premiums climbed sharply to their highest level in nearly three years on Thursday as U.
    S.
    aluminum consumers rushed to lock in more supplies
    before the U.
    S.
    government confirmed a 10 percent tariff on aluminum products.

    Aluminum products

    In the United States, aluminum premium is a premium based on the futures price, CIF benchmark, which also shows strong demand for physical aluminum in the US market
    .

    U.
    S.
    spot aluminum prices rose as high as 17 cents ($375/mt) per pound on Thursday compared to COMEX aluminum futures, closing at 15.
    2 cents a pound, the highest level
    since April 2015.
    That compares with spot U.
    S.
    aluminum premiums of 13.
    6 cents
    a pound on Wednesday.

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