25 Oct 2013
October 25, 2013

Midwest premiums on steady ground

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  • Aluminum

Midwest aluminum premiums continued to hold their ground this week, with market participants describing current price ranges as either stable or poised for a rebound.

Supporting premiums are a market contango that is bolstering demand from the financial community, tightness in some regions of the United States due to production shutdowns, more disciplined pricing and main Japanese port premiums attracting metal to Asia, market participants said.

Excerpts from American Metal Market October 25, 2013