Aluminum scrap flat; sellers bide time
Mar 08, 2013 | 02:54 PM
| Nathan Laliberte
Tags
aluminum scrap,
London Metal Exchange,
LME,
Nasaac,
A380.1,
used beverage cans,
Nathan Laliberte
NEW YORK — Prices for most aluminum scrap grades remained steady March 7 as sellers headed for the sidelines in hope of seeing terminal markets recover from recent losses, sources told AMM.
"People are just taking a wait-and-see attitude," one aluminum scrap trader said. "They are hoping for some good news that will move the market back up. All in all, we’ve had a very quiet week. The market needs a little consolidation."
"Usually when the market drops like this, people are selling like crazy," a second trader said. "I think they are afraid that this thing will come right back up and they will miss the boat." ....
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