US A380.1 alloy price falls further; market competition escalates

The benchmark secondary aluminium alloy A380.1 price in the United States fell to a new low on Monday August 5, with the market pressured by a handful of producers continuing to aggressively compete for sales amid slowing die-caster orders.

Fastmarkets’ price assessment for aluminium alloy A380.1, delivered Midwest, declined to 65-68 cents per lb on August 5, down from 66-70 cents per lb in the previous assessment on August 1. That price is now at its lowest since early June 2009, when the price range stood at 65-67 cents per lb. A minority of secondary alloy smelters reported concluding multiple sales at prices below the previous assessment range. Those producers claimed they had been...

Published

Michael Roh

August 06, 2019

23:34 GMT

New York