Aluminum orders in North America fell 2.7% in November from the previous month due to continued de-stocking ahead of the year’s end as well as uncertainty about aluminum prices.
Orders remain in a choppy, sub-par uptrend. This marks the second month of declining orders; however they remain up strongly from 2010.
The overall monthly decline in shipments was lead by aluminum foil, which saw orders fall 6.9% in November from October. Partially offsetting the decline in aluminum foil shipments was aluminum sheet and aluminum plate which saw shipments rise 2.2% and extruded shapes which had a 1.3% rise.
Aluminum orders are important for companies with downstream manufacturing businesses.
Excerpts from American Metal Market December 26 2011
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