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....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.