CHICAGO Prices for A356.2 and C355.2 aluminum alloys
have edged down despite firm demand in some sectors due to
falling aluminum tags on the London Metal Exchange, market
AMM has lowered its price for A356.2 alloy to $1.26 per pound
from $1.28 per pound previously and reduced its prices for
C355.2 alloy from $1.33 per pound to $1.31 per pound.
The official cash price for LME aluminum was $1,998 per tonne
Jan. 29, declining 5.5 percent from $2,009 per tonne Jan. 22.
The LME backed off a little bit, and we lost the wind to
raise prices, one producer source said. But demand
is still good, so well see what happens.
He said that his firm had sold some smaller quantities of
C355.2 at as much as $1.35 per pound but also lost some sales,
perhaps because of the higher price.
If we get a run up in LME, Im sure (C355.2 prices)
will go up to $1.35. I cant do it all by myself,
the producer source said. But demand is good, and
were busy. Demand from the automotive sector has
remained solid, he noted, and an improvement in construction
activity might help bolster prices further.
However, another market source said that prices were trending
downward because the LME always drives the prices on
these two alloys.