Aluminum P1020 premiums steady

Feb 14, 2013 | 09:35 AM | Michael Cowden

Tags  Midwest premium, P1020, aluminum, LME, LME warehouses, aluminum premium, Michael Cowden

CHICAGO — Midwest spot aluminum premiums held their ground for another week Feb. 13.

AMM’s P1020 premium remained at 11.3 to 12 cents per pound, with the majority of business transactions reported within that range.

"The markets have been pretty steady and premiums are holding up well," one trader source said, adding that he had booked "a couple of million pounds" of business in the past week at 11.5 to 12 cents. He chalked that up to what he characterized as a "healthy" spot market, in part due to strong demand from the transportation sector.....

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