Aluminum billet trade dips as auto slows

Aug 02, 2012 | 12:44 PM | Suzy Waite

Tags  aluminum billet, Kaiser Aluminum, Alcoa, spot prices, Suzy Waite

NEW YORK — The spot aluminum billet market remained sluggish Wednesday with lower spot sales volumes due to a slight seasonal slowdown in auto demand.

However, diminishing inquiries for spot deals didn’t dampen premiums, which remain between 12.5 and 13.5 cents per pound.

"We’re still completely full, but we haven’t received as many spot/extra requests lately," one producer told AMM. The last spot deal he sold was 12.5 cents per pound last week, adding that he did manage to book some forward 2013 business at these levels.....

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