Most secondary aluminium alloy prices in the United States, including the benchmark A380.1, edged down on Thursday May 14, with producers expecting a slow recovery in demand despite automakers restarting production this month.
Fastmarkets assessed aluminium alloy A380.1, delivered Midwest at 66-67 cents per lb on May 14, narrowing downward by a penny from 66-68 cents per lb one week earlier.Deals were heard in the newly assessed range, with most producers offering spot metal at 67 cents per lb or less. Prices for the alloys 319.1 and 356.1 alloys also softened on Thursday.Fastmarkets' assessment for aluminium alloy 319.1, delivered Midwest at 73-75 cents per lb on May 14, also narrowing downward by 1 cent from 73-76 cents per lb previously; and that for aluminium...