US primary aluminum premiums increased marginally on Monday as North American consumers brace for potential supply chain disruptions due to the Covid-19 virus.
The Davis Index for P1020a premium delivered US Midwest rose to 14.1¢/lb under the three-month LME aluminum contract, up from 13.6¢/lb on March 2.
The 6063 billet del US premium remained flat at 7¢/lb under the same LME Aluminum contract.
The premiums for both P1020a and 6063 have remained suppressed since the beginning of the year.Even with the increase reported on Monday, premiums remained below the range of 17-18¢/lb above LME aluminum contract, reported for most of 2019.