18 AUGUST 2011alu
Demand lull drags US aluminum premium to 4-mth month low
Edited by : AL CIRCLE
1 min read
Lackluster physical aluminum
demand this summer has poured some cold water on the rally in
U.S. Midwest spot premiums this year, dragging them down to a
four-month low near 8 cents per lb.
Domestic aluminum demand tends to cool off in the July to September period, but this season's lull may be more pronounced as the economy suffers through another soft patch and metal-intensive industries like housing and manufacturing struggle to grow.
Domestic aluminum demand tends to cool off in the July to September period, but this season's lull may be more pronounced as the economy suffers through another soft patch and metal-intensive industries like housing and manufacturing struggle to grow.
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