Aluminum premiums flat despite bullish talk

Feb 07, 2013 | 10:13 AM | Michael Cowden

Tags  aluminum, Midwest premium, P1020, Big Rivers Electric, Rio Tinto Alcan, Centruy Aluminum, warehouse, automotive construction

CHICAGO — Bullish sentiment about Midwest aluminum spot premiums doesn’t appear to have translated into higher prices yet.

Several market sources reported P1020 aluminum premiums in a range of 11.5 to 12 cents per pound, but most haven’t booked any business at that level this week. As a result, AMM’s premiums remain in a range of 11.3 to 12 cents per pound despite some sources insisting that prices are on the rise.....

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