Midwest P1020 contract business almost done
Nov 09, 2012 | 03:38 PM
| Suzy Waite
NEW YORK The majority of Midwest P1020 aluminum contracts for 2013 have now been signed, according to traders and producers.
"Business is pretty good," one producer told AMM. "Were pretty much done with 2013 and we sold a bit of material for November and December delivery."
P1020 spot business was steady this past week, which has kept AMMs spot premiums in a range of 11 to 11.5 cents per pound.
"Weve been seeing a steady amount of business. Were at 11.5 (cents per pound)," one trader said.....
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