首页|U.S. Aluminium: MW premium softer again after price fall
U.S. Aluminium: MW premium softer again after price fall
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NSTL
The U.S. Midwest aluminium premium over LME cash prices eased slightly again on the week to the 4.30-4.50 cents per-pound region from around 4.50-4.75 cents last week as the topple in global equity markets and LME aluminium prices muted demand and forced traders to more aggressively eek out business. Sources said concerns that the recent hammering of the global equity markets will in time seep into industrial demand served to further dampen activity during the week over and above the levels of general malaise currently plaguing the market. The approaching summer lull in industrial production as various facilities are put on seasonal care and maintenance coupled with historically high warehouse inventories - with London Metal Exchange warehouses currently boasting over 1.2 million metric tons - have over recent weeks muted aluminium trade.
NSTL
