The benchmark secondary aluminium alloy A380.1 price fell to its lowest level since late March 2009, pressured by weakness in the domestic aluminium scrap market and the London Metal Exchange's North American special aluminium alloy contract (Nasaac).
Fastmarkets assessed the price for aluminium alloy A380.1, delivered Midwest US, at 60-63 cents per lb on Monday September 30, down by 2 cents from the previous assessment at 62-65 cents per lb.Deals for A380.1 were reported across the new assessment range, with deals above 63 cents per lb no longer considered achievable by most in the market.One producer had offered a spot A380.1 cargo at 61 cents per lb, but said that the buyer declined that deal in favor of a lower-priced offer from a competing producer.A...