NEW YORK Free-market
A380.1 prices tightened up Monday, while most aluminum scrap
prices were unchanged as trading activity slowed going into the
Thanksgiving holiday break.
Prices for A380.1 narrowed to a
range of $1 to $1.01 per pound from 99 cents to $1.01
Meanwhile, 3105 segregated clips
widened to a range of 80 to 82 cents per pound from 80 to 81
cents, and mill-grade painted siding widened to 74 to 76 cents
from 74 to 75 cents per pound previously.
The cash North American special
aluminum alloy contract (Nasaac) closed the London Metal
Exchanges official session at $1,912 per tonne (86.7
cents per pound) Tuesday, up 2.1 percent from $1,872 per tonne
(84.9 cents per pound) Friday.
Participants in both the alloy
and scrap markets reported limited activity in advance of the
"A lot of people are sitting
back to see what happens. Nobody is really chasing material,"
one broker said. "I am getting glimpses that January looks a
whole lot better."
Alloy producers also reported an
overall drop in consumer demand. One producer said that some
die casters have opted to close operations for the entire
However, those in need of
material would "probably have to pay a little more," the broker
"This time of year, it seems
like you get busy with certain guys because they have to fill
certain requirements," a second producer said. "Theres no