US A380.1 secondary aluminium alloy price climbs to nearly 16-month high

摘要

Secondary aluminium alloy producers in the United States have continued to push offers higher in a market pressured by rising input costs and limited supply, Fastmarkets understands. Fastmarkets assessed the price for aluminium alloy A380.1, delivered Midwest at 77-79 cents per lb up on Thursday October 1, up by 1 cent from 76-78 cents per lb the previous week. The price has now risen in eight consecutive weekly assessments to reach its highest level since it stood at this same range in early June 2019; the benchmark price is also up by 23.8% from the start of the year, when the assessment was at 62-64 cents per lb. Deals were heard in a wide range, but the bulk of transactions were reported around 77-79 cents per lb. No deals were heard above 79 cents per lb this past week, but some producers have begun testing offers at 80 cents.