Prices of US secondary aluminum alloys remained unchanged with a downward pressure on Friday.
The weekly Davis Index for A380.1 decreased to 67.5¢/lb delivered US consumer on Friday from 67.6¢/lb delivered on April 17 and fell for 319.1 from 73.8¢/lb delivered to 73.6¢/lb delivered.
The index for A360.1 dropped by two-tenths of a cent, to 81.9¢/lb, delivered US, and was down by 0.001¢/lb, for A413.1 to 83¢/lb delivered US.
The three-month LME aluminum contract closed at $1,508/mt on Friday, up by $12/mt from $1,520/mt on April 17.
The market is quiet with little in the way of business, but market participants believe it could rebound if credit does not become an issue; with cash already tight, selling a product to other companies in the same financial position could be the last straw and create a unique situation where sales can cripple the business.