01 SEPTEMBER 2011Metal Bulletin
US secondary alloy market sees glimmer of hope
Edited by : AL CIRCLE
1 min read
Secondary aluminum alloy producers are pushing for higher prices, backed by stronger London Metal Exchange prices and a slight uptick in auto demand.
While A380.1 prices were flat at $1.18 to $1.19 per pound this week, producers said they have started quoting at $1.20 to $1.21. And while no business was confirmed at the asking prices, producers said gains on the LME would lend support to an increase in the coming days.
While A380.1 prices were flat at $1.18 to $1.19 per pound this week, producers said they have started quoting at $1.20 to $1.21. And while no business was confirmed at the asking prices, producers said gains on the LME would lend support to an increase in the coming days.
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