NEW YORK Prices
for some secondary aluminum alloys edged higher Oct. 21, as
producers said volumes had increased over the past week and
sales for November were locking in "with limited issues."
Prices for A380.1
tightened to $1.02 to $1.03 per pound from $1.01 to $1.03 and
319.1 was up on the low end to $1.08 to $1.09 per pound from
$1.07 to $1.09 previously. 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.
Forward sales have
been robust so far, with most consumers offering fair market
value for material, one producer source told AMM. "We
have locked in several sales at $102.5 per pound on A380 and
$1.09 per pound for A413," he said. "November is looking really
good, but we are anticipating the typical holiday slowdown in
October spot business
has also been strong, one seller said, noting the automotive
industry continues to be the primary driver. "Anybody that has
been building a part that goes on to a car has been killing it
in 2013," the seller said. "That means that anyone selling to
these suppliers has also been very busy."
A third seller said he had sales as high as $1.05 per pound
for A380.1, but noted the average sale price was around $1.03
per pound. "There are guys willing to pay up right now," he
said. "Its all about the quality of the product and the
reliability of the seller."