US secondary aluminum alloys prices trended flat on Friday as the market braces for impact from potential disruptions to the supply chain.
The weekly Davis Index for A380.1 increased by 0.03¢/lb to 67.5¢/lb delivered US consumer on Friday and moved down by 0.01¢/lb to 74.1¢/lb delivered for 319.1.
The index for A360.1 decreased by 0.04/lb to 81.9¢/lb delivered US consumer and moved down by 0.07¢/lb to 82.3¢/lb delivered for A413.1.
The three-month LME aluminum contract closed at $1,499/mt on Friday, down by $32/mt from $1,467/mt on May 15.
Producers are approaching the market with caution because of concerns over credit and cash flow, which could disrupt the normal course of business. Most market participants believe the supply chain will take some time to recover, with some predicting a timeline until mid-2021 to reach the new normal, whatever that may be.