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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