Midwest aluminum premiums may see dip

Oct 26, 2012 | 03:20 PM | Suzy Waite

Tags  Aluminum, Midwest spot premium, London Metal Exchange, contango, warehouse, Suzy Waite

NEW YORK — Spot Midwest aluminum premiums could dip by year-end due to seasonally weak demand, traders told AMM, though most agree that if premiums do take a downward turn, they won’t drop far.

"We do expect a seasonal slowdown. We’re getting to the year-end when there’s always a concern with bringing down inventories, so everyone will trade close to the vest and take just what they need," one trader told AMM. "If someone has a mandate to reduce inventory, you may see a couple of opportunities where metal comes out priced lower just to get it moved."....





Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results