A380.1 drifts lower; spot market gap vs. LME alloy narrows
Dec 11, 2008 | 10:37 AM
| Paul Schaffer
Secondary aluminum ingot alloy prices have generally fallen 2 cents a pound in the past week, with A380.1 settling in a range of 69 to 70 cents a pound.
The U.S. physical spot market showed a milder decline than the alloy contract on the London Metal Exchange. The North American special aluminum alloy contract (Nasaac) was down 4 cents a pound Wednesday, basis cash bid fourth-ring close, compared with a week earlier, although the LME price moved higher Thursday, shrinking the discrepancy.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here