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European duty-paid aluminium premiums edge higher

January 27, 2012 - 16:13 GMT Location: London

KEYWORDS: spot business , aluminium , European duty-paid , ingots , premiums , aluminium premiums

European duty-paid aluminium premiums moved up to $180 per tonne on the low end on Friday January 27, as the impact of various shutdowns continues to cast its shadow.

Metal Bulletin’s European duty-paid cash aluminium premium moved to $180-190 per tonne from $170-190 previously, with some market participants suggesting prices could move above this range in the coming weeks. “We’ve done a bit of spot business in January, but not as much as we’d like. The market is quiet for the time of year,” one market participant said. “From what we’ve heard from aluminium consumers, they’re still relatively positive about the market, though. They’re expecting demand to come up...

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