A380.1 alloy steady, but Jan. rise may loom
Dec 22, 2006 | 10:13 AM
| Paul Schaffer
The spot price of A380.1 aluminum alloy is holding steady as the vacation doldrums arrive, but it might be nudged higher in January by sellers obligated to deliver material into warehouses for use in fulfilling futures contracts.
For one alloy, grade 319.1, market sources reported prices up 1 cent to $1.14 to $1.16 a pound.
An intermittent factor in alloy pricing is the movement into and out of depots authorized to store metal for use in closing out London Metal Exchange contracts.....
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