Aluminum deox prices sink
Oct 04, 2013 | 03:01 PM
| Nathan Laliberte
NEW YORK Prices for deoxidized aluminum, or deox, have fallen sharply, with participants saying that a few sellers are consistently undercutting the entire market.
Transaction prices fell to a range of 90.5 to 92 cents per pound by the end of September, down from 94 to 97 cents in the middle of the month.
Several sellers reported exiting the market entirely once sales dipped below 94 cents per pound. "We pulled back and did not sell into that kind of market," one seller told AMM. "These guys think cash flow is more important than making money." Scrap is still tight, but "there are still sellers out there dropping their pants. I dont get it."....
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