Midwest aluminum premiums may see dip
Oct 26, 2012 | 03:20 PM
| 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 wont drop far.
"We do expect a seasonal slowdown. Were getting to the year-end when theres 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."....
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.