Midwest aluminum spot business slows
Oct 12, 2012 | 03:28 PM
| Suzy Waite
Tags
Midwest spot premiums,
aluminum,
London Metal Exchange,
LME,
contango,
warehouses,
Suzy Waite
NEW YORK — Spot P1020 business has given way to discussions between producers, traders and consumers focusing on next year’s supply contracts.
Few deals were closed as a result, which kept Midwest aluminum spot premiums firmly between 11 and 11.50 cents per pound.
"The spot market’s pretty quiet. We’re mostly talking about 2013 these days. It’s in full swing now. Just this week, we booked a lot of deals," a producer told AMM.....
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