NEW YORK Prices for
deoxidized aluminum weakened slightly in April as intense price
competition brought the overall market down, producers
Most producers logged sales in a
range of 99 cents to $1.01 per pound in April, down a penny on
the low end from $1 to $1.01 in March. Some sources told
AMM that they were still waiting for prices to
increase before making any meaningful entry into the
"We had to mostly stay out of
(the) spot market because the price of old sheet was so high,"
one producer said. "We were able to sell limited amounts at
$1.02, which covers our cost of production. We received lower
quotes and couldnt close the deals. At 99 cents, we would
be losing money."
Others said that April sales
were disappointing due to a lack of demand and downward price
"Uncertainty played a major role
in the deox market this month," a second producer said. "There
were a lot of nervous participants, including ourselves, who
had to bring prices down to the 99-cent to $1 range."
A third producer said that he
had passed on April sales, instead opting for products that
could be sold at a profit. "When we dont sell deox,
its OK," he said. "Were not going to play in a
losing market. We will shift production schedules and wait for
prices to increase."