Secondary aluminium alloy prices fell across the board on Thursday September 5 due to diminishing demand in the United States, with the London Metal Exchange’s North American special aluminium alloy contract (Nasaac) also tumbling to a more than 10-year low.
Fastmarkets’ assessment for aluminium alloy A380.1, delivered Midwest, was at 63-67 cents per lb on September 5, down a penny from 64-68 cents per lb the previous week and the lowest level since early-April 2009.
Deals were communicated to Fastmarkets at levels above and below the new range, indicating that the market was being pulled in two directions with some producers holding their ground on prices…