Mill-grade aluminum scrap prices fall

Feb 22, 2013 | 02:59 PM | Nathan Laliberte

Tags  aluminum scrap, mill grades, LME, Nasaac, Comex, aluminum, scrap, 5052 3105

NEW YORK - Mill-grade aluminum scrap prices eased Feb. 21 on the back of diminished volumes and weaker primary prices on the London Metal Exchange, sources told AMM.

Prices for 5052 segregated low copper alloy clips fell to 96 to 98 cents per pound from 97 to 99 cents Feb. 19, while 3105 clips tightened to 87 to 88 cents per pound from 87 to 89 cents.

Mill-grade mixed lower copper alloy clips also narrowed to 84 to 85 cents per pound from 84 to 86 cents, while painted siding fell to 78 to 80 cents from 80 to 81 cents.
The decrease in aluminum prices on the London Metal Exchange was primarily behind the decrease in mill-grade prices, according to buyers and sellers. ....





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