Aluminum Price is Stable in Europe Market

News from “Metals paper” aluminum deals in Europe market can be count out recently. High quality western aluminum premium is 110$/ton-120$/ton. Spot aluminum premium in March is 115$/ton-125$/ton. Part of the agreement is in next first quarter or half year in next year but not the whole year. The short agreement they signed is just to fill the currently demand because it’s uncertain of next year’s demand. Buyers are shocked by the credit crisis in the MB aluminum meeting hold in September. So no one dares to purchase.