Midwest premiums set to fall: analysts
Feb 06, 2014 | 05:01 PM
| Michael Cowden
CHICAGO Midwest aluminum premiums could fall to as low as 10 cents per pound by this summer as current record-high premiums attract imports and threaten to splatter red ink on cash-and-carry deals, analysts said.
The drop would be due, in part, to premiums that have "gone hyperbolic" in 2014skyrocketing to 20.75 cents per pound from 12 cents in a matter of weeksand that are now attracting metal to the United States ordinarily sold in Europe, Timothy Hayes, principal of New York-based Lawrence Capital Management Inc., said in a research note.....
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