Aluminum billet trade dips as auto slows
Aug 02, 2012 | 12:44 PM
| 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 didnt dampen premiums, which remain between 12.5 and 13.5 cents per pound.
"Were still completely full, but we havent 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.....
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.