Copying and distributing are prohibited without permission of the publisher
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
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 a premium subscription and benefit from news and pricing data going back to 1997 plus access to our online database - MB Company Data.
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.