Mill-grade aluminum scrap prices inch up

Feb 01, 2013 | 02:47 PM | Nathan Laliberte

Tags  LME, Nasaac, aluminum scrap, mixed low copper clips, secondary aluminum, mill-grade scrap, turnings, old sheet LME

NEW YORK — Secondary mill-grade aluminum prices have risen in step with the London Metal Exchange, with market participants noting "high volumes and strong demand."

Prices for 5052 segregated low-copper alloy clips moved to a range of 96 to 98 cents per pound Jan. 31, up 2 cents from 95 to 96 cents on Jan. 28, while 3105 clips rose to 85 to 87 cents per pound from 83 to 85 cents.

"We’ve had a bit of excitement as of late," one mill-grade seller said. "Buyers are quick to move when the market goes up. There isn’t a lot of metal to be had out there." ....

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