Europe aluminum premiums slip again; sellers trim offers
Mar 07, 2013 | 12:24 PM
| Jethro Wookey
LONDON European aluminum premiums fell further at midweek as backwardations on the London Metal Exchange led traders to lower offers to secure business.
AMM sister publication Metal Bulletins European high-grade aluminum, minimum 99.7-percent ingot, E.U. duty-paid premium fell to $280 to $295 per tonne from $285 to $295 per tonne previously. Its also below the Feb. 4 range of $285 to $300 per tonne, which marked the first drop in the premium since December 2011.
"The premium is certainly weaker and people are discounting a lot to get business," one trader source said.....
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