Spot aluminum premiums hold firm on tight supply
Apr 27, 2012 | 03:47 PM
| Suzy Waite
NEW YORK Midwest spot aluminum premiums remained firm over the past week, with traders reporting solid demand from customers looking to take advantage of the declining price of aluminum on the London Metal Exchange.
Midwest spot aluminum continues to command record-high premiums of 9.75 to 10.25 cents per pound, with several participants reporting trades at 11 cents for immediate delivery.
"Were seeing healthier demand in the short-term. Consumers are coming in for more prompt shipments. Theyre low on metal," one producer source said. ....
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.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.