NEW YORK Secondary aluminum alloy A380.1 prices have continued to weaken over the past week, with major consumers lowering quotes at the top end of the range.
Most producers put A380.1 between $1.03 and $1.04 per pound compared with $1.03 to $1.05 previously.
One alloy producer source indicated that only consumers in need of immediate delivery were willing to pay anything over $1.04 per pound. "Demand has continued to be strong throughout the summer, but there is a pretty clear price threshold for A380 right now," he said.
All other secondary aluminum alloy prices were unchanged.
Meanwhile, prices for mill-grade aluminum scrap moved mostly in step with declines on the London Metal Exchange. Prices for 5052 segregated low-copper alloy clips fell to 83 to 85 cents per pound Sept. 5 from 85 to 87 cents previously, 3105 clips slipped to 75 to 77 cents per pound from 76 to 78 cents, mixed low-copper alloy clips declined to 73 to 75 cents per pound from 74 to 76 cents and painted siding fell to 70 to 72 cents per pound from 71 to 73 cents.
The LMEs primary aluminum cash contract ended the official session Sept. 5 at $1,754 per tonne (79.6 cents per pound), down slightly from $1,764 per tonne (80 cents per pound) at the beginning of the week, although it edged back up Sept. 6 to $1,780.50 per tonne (80.8 cents per pound).