Aluminum premiums drifting lower

Feb 13, 2014 | 11:50 AM | Michael Cowden

Tags  Midwest aluminum premium, P1020, aluminum, aluminum prices, Michael Cowden

CHICAGO — Midwest aluminum premiums are continuing to drift down as harsh winter weather and purchases ahead of expected premium increases have decreased spot activity and lowered prices, market sources said.

AMM’s spot P1020 premium range slipped to 20 to 20.5 cents per pound Feb. 12 from 20.5 to 21 cents previously.

Suppliers and consumers both said they expect prices to continue to edge lower, with some claiming that premiums were moving into the upper teens and could fall significantly further.....

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