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Asia Spot Aluminum Premiums May Drop as Supplies Weigh
SINGAPORE, May 24 -- Premiums paid by Asian buyers for spot primary aluminum may fall at least 10% in the next 2 months to around USD 100 per tonne over cash London prices due to higher availability of the metal.
Mr Young Soo Hwang senior market analyst at South Korea's Public Procurement Service said that extra supplies have probably come from the release of a small portion of aluminum stocks unlocked from financial deals.
Asia Spot Aluminum Premiums May Drop as Supplies Weigh
SINGAPORE, May 24 -- Premiums paid by Asian buyers for spot primary aluminum may fall at least 10% in the next 2 months to around USD 100 per tonne over cash London prices due to higher availability of the metal.
Mr Young Soo Hwang senior market analyst at South Korea's Public Procurement Service said that extra supplies have probably come from the release of a small portion of aluminum stocks unlocked from financial deals.
