Asian aluminum premiums flat as mart eyes 1st-qtr. fall
Nov 06, 2012 | 03:31 PM
| Shivani Singh
SINGAPORE Asian aluminum premiums have stabilized over the past week as market participants look to next years negotiations amid growing expectations of a fall in quarterly premiums.
"Japan and (South) Korea are quiet, but we have no spot (material) to offer," a source at a top producer told AMM sister publication Metal Bulletin. "We have started discussions (for the first quarter of 2013) and there is a customer expectation of a fall, but not to the reported levels of $220 to $230 (per tonne)."
Asian premiums edged down slightly last week.
Metal Bulletins Main Japanese Port (MJP) spot premiums held steady at $230 to $250 per tonne, with participants reporting no demand for the light metal.....
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