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Free market secondary aluminum alloy prices steady

February 04, 2012 - 02:22 GMT Location: New York

KEYWORDS: secondary aluminum alloys , scrap prices , LME , Nasaac

Free-market secondary aluminum alloy prices ended a steady note Friday after the London Metal Exchange’s North American special aluminum alloy contract (Nasaac) logged a correction following a spike earlier in the week.

That spike has prompted some ingot suppliers to raise quotes by a penny, but prices largely settled back down by the end of the week as Nasaac tags began to slide, several sources told AMM.

Sources pegged the A380.1 price range at $1.10 to $1.12 per pound Thursday, slightly wider than the $1.10- to $1.11-per-pound range...

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

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