Secondary alloy prices flat but could rise

Jul 02, 2013 | 05:50 PM | Sean Davidson

Tags  aluminum, scrap, secondary aluminum alloy, scrap prices, A380.1, LME, Nasaac, Sean Davidson

NEW YORK — Secondary aluminum alloy prices could gain some ground if terminal markets continue to strengthen as demand for alloy remains healthy, according to market participants.

Free-market alloy prices were unchanged July 1 compared with transactions recorded late last week, but several alloy makers said offers had already improved.

Most offer prices for A380.1 were reported at $1.03 to $1.05 per pound, with two sources noting small-volume sales at $1.03 per pound. For the most part, A380.1 continued to trade at $1.01 to $1.02 per pound July 1, according to buyers and sellers, with the latter pushing to raise prices.

"There seems to be a bounce in the market. We moved a truckload of 380 at $1.03. The jump in the London Metal Exchange ... should help also," one producer said.....

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