Aluminum Midwest Premium Explained
The Midwest Premium is a term for the price of aluminum supplied to the Midwest United States.
Platts, part of S&P Global Commodity Insights, provides independent assessments of where this price falls each day between buyers and sellers in this regional market.
Midwest Premium
Commodity prices are determined between buyers and sellers
Platts, part of S&P Global Commodity Insights, provides an independent assessment of where commodity prices fall each day and has no financial stake in the price going up or down.
The pricing data Platts sees is published to the market
Platts methodology is publicly available
Platts Commodity Price Reporting
Commodity prices are determined between buyers and sellers
Buyers and Sellers can choose to use Platts price assesments:
As a reference point to negotiate
As a reference price in a contract
To protect against adverse price changes through derivatives
Or not at all
The Midwest Premium: Myths vs Facts
Midwest Transaction Premium (MWP) Price History
The annotated price history timeline of US Aluminum P1020 Midwest Transaction Premium (MWP) shows the impact of market events and tariffs.
Past coverage
S&P Global Commodity Insights
S&P Global Commodity Insights’ goal is to bring transparency to markets.
Dave Ernsberger
Co-President, S&P Global Commodity Insights