Config.
Marché
Rapport
Unité

COT US Midwest Aluminium Premium (MWP, COMEX)

Période
Échelle

As-of mardi · close vendredi · source CFTC

Long vs Short

Long et short en % d’OI (catégorie focus)

Δ 4 semaines

Variation du net vs le rapport d’il y a 4 semaines

Cette semaine

Catégorie Long Short Spreading Net Δ Long Δ Short Δ Net % OI long % OI short

Historique

Industrial metals · COMEX

What is Aluminum MWP (US Midwest premium)?

US Midwest aluminium premium (Platts)

Satellite of High Grade Copper (Copper #1, COMEX)

A long means…

Exposure to a rise in the US Midwest aluminium premium (Platts) — not the LME aluminium price.

What is this?

The US Midwest premium is the regional gap over the LME aluminium price — not the ingot. Platts assesses it daily: 99.7% P1020 aluminium, delivered duty-paid to Midwest plants, from physical business reported by producers, merchants, sheet mills, extruders and automakers. It was created to cover freight from Baltimore to the Midwest; it now tracks the North American balance. The future settles to the monthly average of that Platts assessment.

US fabricators and merchants hedge the regional premium here, not LME metal.

Pitfalls

  • MWP = Midwest premium, not the metal.
  • Distinct from European duty-paid premium (191696).

Univers LIX

Le positionnement n’est pas le risque

Le COT décrit qui est positionné. Le LIX décrit le niveau de risque de marché — 12 indicateurs, hors COT.