The prices for US secondary aluminum alloys decreased on Friday despite efforts by producers to hold them at last week’s levels.
The weekly Davis Index for A380.1 declined to 68.2¢/lb delivered US consumer on Friday from 68.9¢/lb delivered on March 27, while the index for 319.1 decreased to 73.7¢/lb delivered from 73.7¢/lb delivered.
The index for A360.1 fell from 83.3¢/lb delivered US consumer, to 83¢/lb delivered and decreased for A413.1 to 83.3¢/lb delivered from 83.5¢/lb.
The three-month LME aluminum contract closed at $1,486/mt on Friday, down by $53/mt from $1,539/mt on March 27.
Typically, a drop in demand puts more pressure on pricing, but without any significant volumes traded during the week due to the automotive shutdowns, lowering secondary alloy prices only exacerbates the losses faced by secondary alloy producers.