US A380.1 secondary aluminium alloy price jumps to near 21-month high

The benchmark A380.1 secondary aluminium alloy price has jumped to its highest point in nearly 21 months, boosted by high scrap prices and freight costs, among other factors, sources told Fastmarkets.

Fastmarkets assessed the price for aluminium alloy A380.1, delivered Midwest at 84-86 cents per lb on Thursday October 22. The price narrowed upward from 81-84 cents per lb the previous week, increasing for the eleventh week in a row to its highest level since the price stood in this same range on January 25, 2019. Multiple deals were heard spanning this tighter range, and some producers have begun offering at 87 cents per lb. No specific deals have been heard at that level yet; still, many of those producers were drawing a hard...

Published

Michael Roh

October 23, 2020

20:10 GMT

New York