Secondary aluminum alloy market eyes post-storm auto demand bump in ’13
Nov 21, 2012 | 11:58 AM
| Daniel Fitzgerald
Tags
Hurricane Sandy,
secondary aluminum alloy demand,
automotive aluminum,
twitch,
zorba,
aluminum alloy prices,
aluminum scrap prices,
Daniel Fitzgerald
NEW YORK — Secondary aluminum alloy producers are cautiously optimistic about the possibility of increased automotive demand to replace cars destroyed by Hurricane Sandy, while scrap traders say it will take a while for any impact on shredded flows and pricing.
One alloy producer contacted by AMM said he expected automotive companies to boost their aluminum consumption in an effort to avoid "going short on inventory" as production increases.
"I think it’s a big deal for the secondary aluminum business. If you sell more cars, you have to produce more, and they’ll sell more in the next 60 days. ... We should have an increase in production, which will increase the price of aluminum sometime in December," he said.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here