Prices for US secondary aluminum alloys were flat for the second straight week as producers struggled to find a way forward in a market affected by delays from the Covid-19 impact.
The weekly Davis Index for A380.1 remained unchanged at 68¢/lb as offers were made and deals were confirmed at this price during the week.
The index for A319.1 was also unchanged at 74¢/lb on Friday, while both A360.1 and A413.1 held at 84¢/lb.
Concerns over the Covid-19 outbreak continue to grow, especially in the light of the latest announcement of the virus having reached the US. Alloy prices could rise if the outbreak grows and forces production shutdowns in the US, assuming these shutdowns do not impact customers buying the alloys for processing.
The three-month LME aluminum contract closed today at 77.17¢/lb, down slightly from 77.61¢/lb on Feb 21.