The western aluminum premiums for April stockpile tendered by the Public Procurement Service(PPS) fell sharply just before entry into the bidding. In the current bid held by PPS for April stock of 1,0000 tons around of aluminum, cif Incheon, Prime Global won a bid at a premium of $120 per ton. As a result, the PPS aluminum premiums fell 15.4% from $130 to $110 per ton over April awarding.
In a tender held earlier on April 11 for 1,000 tons, cif Pusan, non-western aluminum stock, the premium was $100 per ton. The average aluminum premiums this year upgraded 13.5 percent to $111 per ton from $97.8 per ton recorded last year. The second quarter Main Japanese ports Premiums which is used as the benchmark for Korea concluded at $105 per ton recently.
Source: Steel&Metal News |
