Aluminum billet premiums ease slightly

Apr 29, 2013 | 01:32 PM | Michael Cowden

Tags  aluminum billet, billet premium, building and construction, automotive, LME, Michael Cowden

CHICAGO — The aluminum billet market has softened in recent weeks as uncertainty over the economy weighs slightly on premiums.

AMM’s aluminum billet premium range widened to 11.75 to 13 cents per pound last week from 12 to 13 cents previously.

"It’s a little bit of a mixed bag," one consumer source said. "Some people are reporting fairly bullish numbers and premiums still on the high side, yet we see a lot of billet being offered at the moment, suggesting the dew is off the lily."

He said his company had seen a lot of unsolicited billet offers recently and could obtain it at premiums under 12 cents. "I’m not sure why some people think the market is poised to continue to strengthen. It’s just not that strong," he said.....

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