Midwest P1020 aluminum premiums hold

Jun 07, 2013 | 04:34 PM | Michael Cowden

Tags  Midwest premium, P1020, LME, warehouse, scrap, trucking, aluminum, Michael Cowden

CHICAGO — Midwest P1020 aluminum premiums held steady over the past week, although market participants are increasingly bullish about the market rising in coming months.

AMM’s Midwest aluminum premium remained in a range of 11.5 to 12 cents per pound.

One consumer said he had recently concluded a deal for 500 tons at 11.6 cents per pound, but said he expected premiums to rise in the coming weeks because of what he described as a "tight" metal market in the Midwest as well as the South.....

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