Aluminum scrap, alloy prices ease further

Jun 15, 2012 | 02:05 PM | Daniel Fitzgerald

Tags  aluminum scrap prices, aluminum alloy prices, aluminum ingot prices, LME, Nasaac, Daniel Fitzgerald

NEW YORK — Free-market aluminum scrap and alloy prices continued to weaken Thursday, with traders forecasting further slippage as activity slows over the summer.

Mill-grade prices dropped a penny Thursday, with 5052 segregated clips dropping to between 90 and 92 cents per pound and mixed low copper clips slipping to between 77 and 79 cents per pound.

Alloy prices also weakened, with A380.1 dropping to between $1.02 and $1.04 per pound, while both A360.1 and A413.1 eased to between $1.11 and $1.12 per pound.....

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