Midwest P1020 aluminum premiums steady

Mar 20, 2013 | 02:01 PM | Suzy Waite

Tags  Midwest premiums, aluminum, aluminum prices, P1020, automotive, building and construction, London Metal Exchange, LME Suzy Waite

NEW YORK — Spot Midwest aluminum premiums were stable this week, with traders and consumers reporting steady P1020 business due to scrap tightness and lower exchange prices.

AMM’s spot Midwest premium is at 11.5 to 12 cents a pound.

Some consumer interest was spurred by a drop in the London Metal Exchange primary aluminum price. Three-month metal closed the official session at $1,944 per tonne (88.2 cents per pound) March 20, down 8.6 percent from $2,128 per tonne (96.5 cents per pound) Jan. 2 and down 1.7 percent from $1,978.50 per tonne (89.7 cents per pound) March 14.....

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