Shanghai Metal Market
US Aluminum Premiums Climb as Demand Picks up
Edited by : AL CIRCLE
1 min read
The U.S. primary aluminum market is seeing a surprisingly strong burst in spot purchases at the start of the quarter, with supplier order books filling up even as volatile financial markets dispel recovery hopes.
The demand pickup has caught physical market players by surprise, many of whom expected the seasonally slower fourth quarter to close out 2011 with a whimper. So far, it is shaping up to be a busier-than-normal quarter.
"For the next couple of months, we are basically sold out," said one Midwest aluminum manufacturer and distributor.
"The automotive sector is good, heavy truck is good, the rail industry is busy ... the casting side of the business is actually pretty busy."
The demand pickup has caught physical market players by surprise, many of whom expected the seasonally slower fourth quarter to close out 2011 with a whimper. So far, it is shaping up to be a busier-than-normal quarter.
"For the next couple of months, we are basically sold out," said one Midwest aluminum manufacturer and distributor.
"The automotive sector is good, heavy truck is good, the rail industry is busy ... the casting side of the business is actually pretty busy."
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