Midwest aluminum premiums ease as demand steps back
Dec 02, 2010 | 06:53 AM
| Anne Riley
Midwest aluminum spot premiums have eased slightly in the initial trading days of December as demand retreats ahead of year-end bookkeeping.
Premiums for aluminum ingot have slipped to between 6.2 and 6.6 cents per pound, supplier and consumer sources told AMM, marking a modest decline from the 6.3- to 6.7-cent-per-pound spread reported at this time last month.
Sources attributed the slight dip in spot premiums to a seasonal slowdown in demand. While many consumers are still moving forward with negotiations for long-term contracts for 2011, their spot buying has slowed to a trickle as December takes hold, market players said.....
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