Aluminum billet premiums flat despite ABI issues
Feb 08, 2013 | 11:21 AM
| Michael Cowden
Tags
aluminum billet,
billet premium,
billet prices,
Alcoa,
USW,
Aluminerie de Bécancour,
ABI,
Quebec
Michael Cowden
CHICAGO — Aluminum billet premiums remained unchanged in the past week despite limited spot deals booked at higher prices.
One producer source said his company had recently booked a deal for about 400 tonnes (881,849 pounds) at 12.75 cents per pound, while a second producer said his company had booked 400,000 pounds for April delivery at 13 cents per pound.
But other sources contacted by AMM said they had conducted no spot business lately, and even if they had they would be still be looking for premiums in the range of 12 to 13 cents. ....
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