June 2019 Aluminum UpdateJune 3, 2019
Prices for purchased material came down once again in June. This was due to a decrease in the LME price which gave us a Midwest Average of $1.00 per pound in May, rounded to two places. This was a decrease of $0.03 per pound from April’s average.
May 2018 aluminum updateMay 1, 2018
On April 6th, the US imposed sanctions on Russian aluminum producer Rusal, which supplied large amounts of aluminum to the US. This drove a sharp increase in prices, affecting both the LME and Midwest spot premium. Due to these sanctions, Midwest Avg. rose to $1.23 per lb, up $0.10 per lb from where […]
June 2016 Raw Material trendJune 6, 2016
May’s Midwest Average for raw material remained the same as April’s at $0.79 per pound. LME appears to be holding flat through the beginning part of June as well.
March 2016 Raw Material TrendMarch 4, 2016
February’s Midwest Average was $0.79 per lb, up $.03 from January’s Midwest Average. Also in other news: LME aluminum contract spread backwardation widens as warehouse rule kicks in Tokyo—The backwardation in London Metal Exchange aluminum contract spreads widened for cash-to-three months during Asian trading hours on March 1 as […]
Current raw material trend for February 2016February 3, 2016
January’s Midwest Avg. (rounded to 2 places) was $0.76 per pound. During the last two weeks of January, the Midwest Premium rose .5¢ /lb, accompanying the increase in the LME price. It does appear though, from our sources, that the Midwest Avg. is stable. Current trend is up $.02 / lb, but it […]