Mill-grade aluminum scrap follows LME down

Feb 08, 2013 | 02:03 PM | Nathan Laliberte

Tags  aluminum scrap, scrap prices, LME, London Metal Exchange, aluminum, Nasaac, A380.1, Nathan Laliberte

NEW YORK — Secondary mill-grade aluminum scrap prices weakened Feb. 7, with market participants noting worsening margins on slightly higher demand.

Prices for 5052 segregated low-copper alloy clips fell to a range of 96 to 98 cents per pound from 97 to 99 cents on Feb. 4, while 3105 clips decreased to 85 to 87 cents per pound from 86 to 88 cents.

"I think the terminal market is range-bound," one mill-grade buyer said. "At this point, we would have to see a narrowing of spreads for scrap prices to increase."....

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