Ford Motor Co. made its first deliveries of the new aluminum-bodied 2015 F-150 pickup truck this week.
Thousands of customers with confirmed orders were waiting on their new truck. Ford, which has hailed the new F-150 as among its most important products in history, has been building the pickups near its Dearborn, Mich., headquarters for months and was storing them near the factory. It only started delivering the product to buyers in recent days.
As falling gasoline prices boost truck demand, U.S. customers are being forced to wait in line.
On Tuesday, December 16, the day’s biggest mover was the aluminum 3-month price, which saw a 0.5% decline on the LME to $1,930 per metric ton. The Indian aluminum cash price rose 0.5% to INR 122.45 ($1.93) per kilogram. The cash price of primary aluminum flattened at $1,916 per metric ton after two days of downward movement on the LME.
Chinese aluminum closed mixed yesterday. The Chinese aluminum cash price closed at CNY 13,320 ($2,152) per metric ton. Following a couple days of improvement, the metal’s price weakened by 0.2%. Chinese aluminum bar closed 0.2% lower at CNY 13,330 ($2,153) per metric ton. The price of Chinese aluminum scrap held steady at CNY 12,800 ($2,068) per metric ton. Chinese aluminum billet saw little change in its price yesterday at CNY 13,700 ($2,213) per metric ton.