US A380.1 secondary aluminium alloy price climbs to nearly 16-month high

Secondary aluminium alloy producers in the United States have continued to push offers higher in a market pressured by rising input costs and limited supply, Fastmarkets understands.

Fastmarkets assessed the price for aluminium alloy A380.1, delivered Midwest at 77-79 cents per lb up on Thursday October 1, up by 1 cent from 76-78 cents per lb the previous week. The price has now risen in eight consecutive weekly assessments to reach its highest level since it stood at this same range in early June 2019; the benchmark price is also up by 23.8% from the start of the year, when the assessment was at 62-64 cents per lb. Deals were heard in a wide range, but the bulk of transactions were reported around 77-79 cents per lb....

Published

Michael Roh

October 02, 2020

19:01 GMT

New York