Secondary aluminum alloy prices remained steady Oct. 17,
despite rumors that demand had slowed over the past two
"Were busy, but
it seems like some of the buyers have taken their foot off the
gas pedal a little bit," one producer source told AMM,
adding that the government shutdown had given the entire
industry a sense of uncertainty.
Prices for A380.1
remained at $1.01 to $1.03 per pound and 319.1 prices held at
$1.07 to $1.09 per pound. Prices for 356.1 were steady at $1.09
to $1.11 per pound and low-copper A360.1 and A413.1 alloys were
unchanged at $1.09 to $1.10 per pound.
Meanwhile, prices for
mill-grade aluminum scrap moved lower in step with recent
downturns on the London Metal Exchange.
Prices for 5052
segregated low-copper alloy clips narrowed to 85 to 86 cents
per pound from 85 to 87 cents previously, 3105 clips tightened
to 77 to 78 cents per pound from 77 to 79 cents, mixed
low-copper alloy clips fell a penny to 74 to 76 cents per pound
from 75 to 77 cents and painted siding slipped 2 cents to 70 to
72 cents per pound from 72 to 74 cents.
The primary aluminum
cash contract on the LME ended the official session Oct. 17 at
$1,796 per tonne (81.5 cents per pound), down from $1,822 per
tonne (82.6 cents per pound) at the beginning of the week.
smelter-grade aluminum scrap were mostly steady as sources said
that volatility in terminal markets was having little effect on
"Its all about
supply and demand right now," one scrap buyer told
AMM. "We are making pricing decisions based on need,
Aluminum used beverage cans was the only grade to register a
change, moving down a penny to 68 to 70 cents per pound from 69
to 71 cents previously. All other secondary grades were