Demand fails to buoy US aluminum alloy prices

Mar 05, 2013 | 02:35 PM | Michael Cowden

Tags  aluminum alloys, aluminum alloy prices, 355.2, 356.2, London Metal Exchange, LME, twitch, aluminum aluminum prices

CHICAGO — Aluminum alloy prices continue to slide despite stable physical demand, moving in step with a large drop in primary metal on the London Metal Exchange, market sources said.

AMM’s price for 355.2 alloy has been cut to $1.28 per pound from $1.31 per pound previously, and 356.2 alloy has been lowered to $1.23 per pound from $1.26 per pound.

The price decline is a million percent because of the LME, as prices for the alloys move with tags on the exchange, one producer source said.....

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