Aluminum scrap bumps up on LME rise

Apr 26, 2013 | 04:31 PM | Nathan Laliberte

Tags  aluminum scrap, secondary aluminum, Nasaac, aluminum, LME, London Metal Exchange, A380.1, mill-grade scrap UBCs

NEW YORK — Prices for mill-grade aluminum scrap rose April 25 as market participants said that strengthening terminal markets were serving to bolster secondary tags.

Prices for 5052 segregated low-copper alloy clips increased 2 cents to 90 to 92 cents per pound from 88 to 90 cents, 3105 clips rose to 82 to 84 cents per pound from 80 to 82 cents, mill-grade mixed low-copper alloy clips strengthened to 80 to 82 cents per pound from 78 to 80 cents and painted siding increased 3 cents to 77 to 79 cents per pound from 74 to 76 cents previously.
“The supply and demand picture has not changed over the past week,” one mill-grade seller said. “These increases are simply a reaction to movement on the London Metal Exchange.” ....

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