Twitch, secondary alloy prices inch up
Aug 28, 2012 | 11:41 AM
| Daniel Fitzgerald
Tags
Twitch prices,
automotive shredded scrap,
mill-grade aluminum scrap,
Nasaac,
LME,
Daniel Fitzgerald
NEW YORK — Free-market prices for nonferrous automotive shredded scrap, or "twitch," have risen amid tight supply, according to producers and buyers, with mill-grade aluminum scrap prices seeing strong demand from major consumers.
"Metal is very tight and nothing is coming in at this point," one twitch producer said.
AMM’s twitch prices rose to a range of 75 to 77 cents per pound Monday from 75 to 76 cents previously.
A major consumer of the item said it is paying up to 77 cents per pound. Twitch has traded within a range of 74 to 75 cents per pound for most of August.....
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