Aluminum shipments ‘schizophrenic’ in June

Jul 17, 2012 | 03:04 PM | Suzy Waite

Tags  Metals Service Center Institute, MSCI, aluminum, U.S. service centers, London Metal Exchange, Suzy Waite

NEW YORK — Aluminum shipments by U.S. and Canadian service centers have become increasingly erratic, with distributors forecasting that the choppy trend will continue through the summer before stabilizing later this year.

"It’s schizophrenic," one aluminum service center source told AMM. "We’re having some incredibly slow days and we’re having some incredibly great days. It makes no sense."

A second service center source agreed. "Everyone is having spot moments that are phenomenal. There are days when you say, ‘What the heck is happening? I (don’t have time to) get my second cup of coffee.’ Then there are days when the phone isn’t ringing at all," he said. "People say it’s slower, but almost everyone at one point in the last month has said, ‘We’ve had this great week that made our month.’" ....

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