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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