Aluminum 6063 billet premiums increase
Jan 25, 2013 | 05:11 PM
| Michael Cowden
Tags
aluminum,
billet premium,
Midwest premium,
extrusion,
extruders,
ABI,
automotive,
construction
imports
CHICAGO — Aluminum billet premiums have increased as spot activity picked up following a slow start to 2013.
AMM narrowed its 6063 billet premium range to between 12 and 13 cents per pound Jan. 25 from 11 to 13 cents per pound previously. Volumes reportedly traded totalled in excess of 4,200 tonnes or 9.26 million pounds over the past week in comparison to about 2,500 tonnes recorded a week earlier (amm.com, Jan. 16).
Demand is likely to heat up further from April to June thanks to strength in the automotive sector, continued improvements in construction activity and a slowly but steadily improving U.S. economic outlook, several market sources said. ....
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