Europe aluminum market pressing by premium lower

Metal Paper news said that Europe aluminum premium pressing by premium lower, some traders said three month futures taxed products premium will lower a little, products from Canada plow into Europe market, some buyers delayed to order or reduce orders. Three month futures taxed products premium will stay on 115-120 dollars per ton and may fell to 110-115 dollars per ton. Spot taxed products premium is 105-110 dollars per ton, un-taxed products premium is 45-50 dollars per ton, these are all Rotterdam stock price, and base price is LME spot price. Recently, LME futures price is rising because of the electricity shortage in South Africa and the snowstorm in China.