Three-month aluminium premium slips on murky outlook for Q1
Dec 07, 2011 | 11:16 AM
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Metal Bulletin’s basis three months duty-paid aluminium premium finally fell on Wednesday, slipping $10 per tonne to $180-200 per tonne as producers found pockets of demand for material to be delivered next year.
“Interest is slowly kicking in, and we’ve had small enquiries for monthly deliveries in 2012,” a producer said. “It’s down $5 or $10 on the three-month premium, but not more. It’s definitely still trading at a completely different number to cash.” ....
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