Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

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.

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