Nasaac availability hits A380.1 market

Jun 29, 2012 | 02:47 PM | Daniel Fitzgerald

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

NEW YORK — Secondary aluminum alloy consumers are being offered North American special aluminum alloy contract (Nasaac) material at a 10-cent-per-pound premium on a picked-up basis, undercutting a spot A380.1 market that has fallen to $1 to $1.02 per pound.

The Nasaac cash price ended the London Metal Exchange’s official session at $1,840 per tonne (83.5 cents per pound) Friday, up 1.6 percent from Monday’s $1,810.50 per tonne (82.1 cents per pound).....

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