Aluminum awaits New Year as business fades
Nov 23, 2004 | 10:38 AM
| David Brooks
Spot business in the Midwest aluminum market has all but dried up as participants ride out the end of the year.
As a result of thin volumes, premiums are difficult to pin down and the age-old argument of whether a lack of business automatically means prices should fall has once again raised its head.
While one trader said premiums had slipped to 7.5 to 7.75 cents a pound, a second trader said he wouldn't be a seller at those levels because replacement costs remain high.....
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.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here