A380.1 aluminum alloy price hits 21-month high
Feb 21, 2014 | 12:45 PM
| Nathan Laliberte
NEW YORK Secondary aluminum alloy spot prices have hit a 21-month high due to what market participants are calling an environment ripe for upward price movements.
Every grade of secondary aluminum alloy covered by AMMA380.1, 356.1, 319.1, and low-copper alloys A360.1, and A413.1reached price levels Feb. 20 not seen since May 2012. Producers cite several factors for the rapid increases, including extremely limited scrap availability, a shortage of finished product caused by reduced processing capabilities and rising demand from automotive manufacturers.
Moreover, prices are being supported by increased transportation costs, which have been impacted by rising fuel prices and delays caused by plummeting temperatures across much of the Midwest and Southeast (amm.com, Feb. 12). ....
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