Mill-grade aluminum scrap slips with LME
Jan 18, 2013 | 03:25 PM
| Nathan Laliberte
Tags
aluminum scrap,
LME,
Nathan Laliberte
NEW YORK — Free-market mill-grade aluminum scrap prices have fallen in step with the London Metal Exchange, even as some secondary alloy sellers have reported a slight increase in sales volumes.
Cash primary aluminum prices settled Jan. 17 at $2,003.50 per tonne (90.9 cents per pound) on the LME, down 2.7 cents per pound from Jan. 14.
The lower LME aluminum price put downward pressure on mill-grade aluminum scrap prices, with prices for 5052 segregated clips falling to between 94 and 96 cents per pound from between 96 and 98 cents previously and prices for 3105 clips declining to a range of 83 to 85 cents per pound from 84 to 86 cents on Jan. 14. ....
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