Aluminum shipments inch up as prices firm
Sep 19, 2012 | 04:31 PM
| Thorsten Schier
Tags
aluminum,
MSCI,
August,
Thorsten Schier
NEW YORK — A continued run-up in the London Metal Exchange aluminum price and the Federal Reserve’s recent decision to extend quantitative easing could boost aluminum shipments from North American distributors in the coming months, market sources said.
"I’m optimistic for the next few months. The metal (price) situation will play into customers’ purchasing plans. What the Fed did will loosen some money. October should be an active month," one distributor source said.
"We may see some mixed numbers for the month of September, but I do see the overall trend going up," a second service center source echoed, even as he said fewer billing days could crimp overall shipment numbers for September.....
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