Midwest P1020 contract business almost done

Nov 09, 2012 | 03:38 PM | Suzy Waite

Tags  aluminum, Midwest spot premiums, aluminum prices, P1020, Alcoa, Kaiser, London Metal Exchange, LME warehouse President Obama

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. "We’re 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 AMM’s spot premiums in a range of 11 to 11.5 cents per pound.

"We’ve been seeing a steady amount of business. We’re at 11.5 (cents per pound)," one trader said.....

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