Midwest aluminum premiums rise on LME slide

Apr 05, 2012 | 02:35 PM | Suzy Waite

Tags  Aluminum, Midwest premium, Alcoa, Massena West, aluminum sow, LME warehouses, contango, Suzy Waite

NEW YORK — Midwest aluminum spot premiums have risen as consumer interest was pricked by a price slide on the London Metal Exchange.

The range for spot premiums for P1020 ingot has widened to 9 to 9.5 cents per pound from 9 to 9.25 cents previously, with sources pointing to increasing consumer demand and the continued contango on the LME.

"Premium-wise, we’re getting 9.25 to 9.5 (cents) for the May, June and July period," one trader told AMM. "They’re rising."....





Latest Pricing Trends

Poll

Is severe weather affecting your business?

Yes
No


View previous results