Mill-grade aluminum scrap follows LME down
Feb 08, 2013 | 02:03 PM
| 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."....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.