Aluminum alloy prices hold on mixed scrap mart
Sep 25, 2012 | 03:33 PM
| Sean Davidson
Tags
aluminum scrap,
secondary aluminum alloy,
nonferrous scrap,
twitch,
A380.1,
Sean Davidson
NEW YORK — Secondary aluminum alloy producers refused to lower prices Monday as a mixed scrap market offered support against further weakening in terminal exchange prices.
The North American special aluminum alloy contract (Nasaac) cash price traded at $2,050.5 per tonne, or 93 cents per pound, in Tuesday’s official session on the London Metal Exchange down from Friday’s price of $2,063 per tonne, or 93.6 cents per pound. However, cash Nasaac settled even lower at about 92.4 cents per pound Monday before making a modest recovery Tuesday.....
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