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US aluminum ingot prices fail to keep up with scrap tags
February 11, 2012 - 00:39 GMT
secondary aluminum alloys
Aluminum scrap prices are rising at a faster rate than secondary ingot tags, keeping producers’ margins under pressure, market sources told AMM.
Most sources cited the LME as
the chief factor in the scrap price rise, although supply and
demand issues also played a part.
"I’ve not seen
Chinese activity in anything but zorba and twitch, which is why
prices are so high right now," one market source said.
A second source cited delivery issues as a factor weighing
down supply. "Scrap availability has not been a near-term
issue, (but) I think some scrap dealers sold and did not
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Euromoney Institutional Investor PLC.
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