Aluminum traders see more spot activity in ’13
Sep 26, 2012 | 10:43 AM
| Jethro Wookey
Tags
aluminum premiums,
aluminum,
2013 contracts,
floating premiums,
Jethro Wookey
LONDON — European aluminum traders expect increased activity on the spot market next year as consumers carry low stocks into the fourth quarter, with high premiums creating uncertainty about the amount of business that will be done on long-term contracts for next year.
Aluminum inquiries picked up early this week after spreads normalized on the London Metal Exchange, but there has been little progress on discussions for 2013 supply.
Producers have been discussing the possibility of floating premiums on next year’s contracts as a way of mitigating the threat of movements in the premiums, which have already reached record highs. ....
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