Producers of US secondary aluminum alloys are holding the line on prices for the material.
The weekly Davis Index for A380.1 decreased to 68¢/lb delivered US consumer on Friday, from 68.2¢/lb delivered on April 2, while 319.1 increased to 74¢/lb from 73.7¢/lb delivered US. The index for both A360.1 and A413.1 remained the same as the previous week at 83¢/lb delivered US and 83.3¢/lb delivered US, respectively.
The three-month LME aluminum contract closed at $1467/mt on Thursday the April 9, down by $19/mt from $1,486/mt on April 3. The LME market was closed on Friday for the Easter weekend in the UK.
Prices have little room to move at current sales volumes on high raw material inventory cost and low sales numbers.