‘Heavy discounting’ on Midwest Al premium
Dec 07, 2012 | 04:53 PM
| Daniel Fitzgerald
Tags
Midwest aluminum premium,
primary aluminum,
price contango,
price backwardation,
Daniel Fitzgerald
The Midwest premium for primary aluminum is seeing “heavy discounting” as the backwardation on the London Metal Exchange led some to offer material at lower levels to entice consumer sales amid weak demand.
“Everybody is trying to get rid of inventory, and with the backwardation here they’re willing to give discounts,” one consumer said. ....
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