By Declan Conway OSLO, May 26 (Reuters) - Aluminium scrap dealers on Monday raised doubts over using London Metal Exchange (LME) furtures as a hedging tool, despite assurances from a major LME trader that it could offer their market more transparency and less volatility. The LME has two aluminium alloy futures contracts: one Standard Alloy contract, and the North American Secondary Aluminium Alloy Contract (NASAAC). "The connection between the LME and aluminium scrap prices, at least ...
Premium Content (PAID Subscription Required)
"Scrap traders shy on LME hedge 'gamble'" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.