Consumers want more P1020 in Jan.

Nov 28, 2012 | 12:43 PM | Suzy Waite

Tags  Midwest aluminum premiums, P1020, London Metal Exchange, warehouse, LME, Suzy Waite

NEW YORK — Consumer declarations for January are showing that demand is slightly higher than usual, one aluminum ingot trader told AMM.

"We’re already starting to get January’s consumption declarations from customers, and they’re better than we expected," the trader said.

Typically, buyers have an option to take between 2,000 to 4,000 tonnes per month of contracted material, and this trader said most of the existing deals they’ve done for 2013 are "trickling towards the high end," although it’s still very early, he said. ....

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