Aluminum premiums soften; pickup expected for 2007

Dec 07, 2006 | 07:26 AM | Matthew Lerner

Aluminum premiums in the U.S. Midwest continue to drift lower in exceptionally slow trading while contract premiums for 2007 show early strength.

"December is quite different," one producer said of the end-of-year seasonal slowdown, which has produced light trading and a softening of spot premiums. He said spot activity was taking place at premiums around 4.25 cents per pound, but customers were booking next year's business at between 5.5 cents and 5.75 cents per pound for 12-month contracts. "If anyone is selling....

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