Aluminum billet premiums hold steady

Nov 22, 2013 | 02:52 PM | Michael Cowden

Tags  aluminum billet, billet premium, Century Aluminum, Rio Tinto Alcan, Michael Cowden

CHICAGO — Aluminum billet premiums are holding steady in a quiet spot market while contract talks for 2014 have largely concluded, market sources said.

Spot Midwest 6063 extrusion billet upcharge premiums are unchanged at 11.5 to 12.5 cents per pound amid tepid spot demand as consumers look to wind down inventories before year-end and as producers and buyers slate outages during the typically slow holiday season.

Contract prices for 2014 are reported in a wider range, with premiums as low as 11 cents per pound and as high as 13 cents per pound. Some consumers reported buying from several producers on contract terms varying by as much as 1.5 cents per pound. Despite that variance, market sources said contract prices are roughly on par with 2013 deals, with prices even, slightly lower or slightly higher depending on the supplier.....

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