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(AMM) Aluminum alloy tags slip; scrap supply concern

June 09, 2010 - 21:55 GMT Location: NEW YORK

Secondary aluminum alloy prices have fallen 1 to 2 cents per pound in the past week, with London Metal Exchange activity pointing to a deeper drop although physical supply and demand for U.S. alloy have been stable.

A380.1 prices are off by 2 cents to a range of 97 to 98 cents per pound.

"Typically, a strong U.S. dollar means less money going into commodities," one smelter's sales manager said. "A weak euro is detrimental to (prices of) commodities."

But actual customer requirements are in good shape....

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

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