US secondary aluminum alloys prices delivered US were mostly flat on Friday with only small movements across all grades.

 

The weekly Davis Index for A380.1 inched up by 0.3¢/lb to 70.3¢/lb delivered US consumer on Friday.

 

The index for A360.1 held at 81.5¢/lb delivered while A413.1 gave a little ground, losing two-tenths of a cent, to settle at 83¢/lb delivered US consumer.  

 

The three-month LME aluminum contract closed Friday at $1,722/mt, up by $30/mt from $1,692/mt on July 24. 

 

Macroeconomic data released this week has indicated that the US economy contracted by 33pc in Q2 2020. Unemployment numbers were also discouraging with 1.4mn more claims filed over the past week when the extra benefit of $600 per month comes to an end. Despite its backward-looking view of the information, market participants are concerned the news will negatively impact business spending moving forward making both buyers and sellers more tight-fisted with their finances, which could put pressure on prices. 

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