Die cast demand positive indicator as secondary ingot price ticks up
Nov 20, 2007 | 10:01 AM
| Paul Schaffer
Spot prices for secondary aluminum ingot have risen modestly since the first week of November, typically a half cent to a penny a pound, putting the A380.1 price range published by AMM at $1.095 to $1.11 a pound, up from $1.09 to $1.10 previously.
Sellers that set their numbers by the London Metal Exchange's North American special aluminum alloy contract (Nasaac) have retreated a bit, with one moving to $1.10 a pound from $1.12. The LME contract began November just below $1.02 a pound before spending much of the month between $1.04 and $1.05, but as of Tuesday it was back down to $1.0206 a....
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