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Midwest aluminium premiums steady
April 14, 2014 - 12:09 GMT
Midwest aluminium premiums
UK HIgh Court
LME warehouse rules
Midwest aluminium premiums have held steady after a court decision in the UK threw the direction of the market in doubt.
Metal Bulletin sister title AMM’s spot P1020
premium was unchanged at 18.25 to 18.5 cents per lb on April 11
after edging up earlier in the month following a UK High
Court of Justice ruling that blocked implementation of proposed
reforms to London Metal Exchange warehousing policies.
Some sources reported offers of metal at higher numbers, but it
was unclear if any significant volumes were transacted at
premiums above 18.5 cents per lb. "It could...
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Euromoney Institutional Investor PLC.
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