European aluminum buyers set to book short term deals

Oct 30, 2013 | 10:54 AM | Jethro Wookey

Tags  aluminum premiums, aluminum contracts, LME, London Metal Exchange, Jethro Wookey

LONDON — European aluminum consumers will sign short-term deals for the first quarter of 2014 if the London Metal Exchange’s forthcoming announcement on its new warehousing rules is delayed as they continue to wait to book 2014 business.

Market sources expect the LME to broadly confirm the new rules, although there could be some amendments. Aluminum premiums are expected to fall in the wake of the announcement, with more metal being made available to the market as some warehouses reduce intake.....

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