European aluminium sellers sceptical that 2012 will improve

Apr 23, 2012 | 12:42 PM |

Aluminium producers and traders are sceptical that demand for the light metal will improve this year, and some feel the best days of 2012 are already behind them. “If you look at the forecasts for the year, they have been sliding through the first and second quarter,” a producer said. “Usually the second quarter is the strongest of the year, but now I’m thinking the first quarter will have been the strongest.” Movements in Metal Bulletin’s daily European duty-unpaid aluminium premium have revealed the nearby-buying nature that has become prevalent in the market, with periods of higher demand seen....

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