Aluminum alloy ingot market said two-tiered
Mar 30, 2012 | 03:53 PM
| Daniel Fitzgerald
NEW YORK Aluminum alloy ingot traders say a "two-tier market" has emerged on A380.1, with some traders refusing to move below $1.11 per pound while weak London Metal Exchange prices prompt others to continue discounting their quotes.
A380.1 sales remained steady Thursday at the $1.09- to $1.11-per-pound level.
The North American special aluminum alloy contract (Nasaac) cash price closed the LMEs official session at $2,130 per tonne (96.6 cents per pound) Friday, down 0.3 percent from $2,135 per tonne (96.8 cents per pound) one week earlier.....
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