Secondary aluminum alloy prices firm
Dec 23, 2010 | 10:36 AM
Secondary aluminum alloy prices have firmed, emerging strong from two weeks of inventory management, with rising scrap prices and improving terminal markets strengthening the tags.
The flagship A380.1 alloy inched up 1 cent to a range of $1.11 to $1.12 per pound from $1.10 to $1.12 per pound.
Low copper alloys like A413.1 and A360.1 stood in a range of $1.20 to $1.22 per pound Thursday, up 2 cents from a week earlier when producers had dropped prices to lows of $1.18 in hopes of thinning inventories for the financial year-end.
Alloys like 319.1 and 356.1 also picked up ground to trade 2 cents higher. While 319.1 prices firmed to between $1.16 and $1.18 per pound, 356.1 prices rose to between $1.22 and $1.24 per pound. A week earlier, 319.1 had drifted to a low of $1.14 per pound and 356.1 to between $1.20 and $1.23 per pound.....
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.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.