Secondary alloy prices flat but could rise
Jul 02, 2013 | 05:50 PM
| 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.....
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.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.