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.....

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