Copying and distributing are prohibited without permission of the publisher

Free-market secondary aluminum alloy prices remain stable

February 07, 2012 - 23:39 GMT Location: New York

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

Free-market secondary aluminum alloy prices have remained steady in recent days as the London Metal Exchange’s North American special aluminum alloy contract (Nasaac) continues to hover around the $1-per-pound mark.

As a result, secondary aluminum ingot prices have largely held firm since last week, with A380.1 unchanged at between $1.10 and $1.12 per pound.

"I’d quote at $1.12, but if the guy paid his bills I’d give it to him for $1.11," said one source, who pegged the "true price" of A380.1 at $1.10 to $1.11 per pound. ...

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

Please log in using your online subscriber details.
Your username will be your registered email address with Metal Bulletin.

If you aren't a subscriber yet, feel free to take a seven day free trial, or subscribe using the instructions below.

A standard subscription include one year's worth of news and prices. You can also upgrade to the full archive and benefit from more than 13 years of intelligence. Start your subscription today.

Free trial

Taking a free trial will give you open access to Metal Bulletin online news, prices, archived content and email alert service for the next seven days. Start your free trial today.

Free trial

Already have an account?

Non-Ferrous

May 24, 2012 00:49 Confusion grips US lead battery market
May 24, 2012 00:05 US UBC collection volumes down in April
May 23, 2012 16:59 MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES
May 23, 2012 15:28 UK secondary aluminium ingot volumes up, prices down
May 23, 2012 00:40 US A380.1 aluminum alloy prices drop another penny

Comment & analysis

EXPERT VIEW FROM ERNST & YOUNG: Horror week favours the brave

Seven days is a long time in the investment world, but last week must have felt longer than most.
COMMENT: When super-cycle poster child BHP Billiton trims its plans...

BHP Billiton is one of the poster children for the commodities super-cycle: a mining company whose immense upstream assets in copper and iron ore have fed the industrialisation of China since the early years of the 21st century and enabled it to return $52 billion to shareholders between 2001 and 2011.
LORD COPPER: There is nothing to fear after JP Morgan loss ...

So, here we go again. Another bank, another huge trade gone bad. This one doesn’t even appear to have been a case of rogue trading; a whole desk seems to have been operating with the full knowledge of the management and/or risk committee.