Aluminum scrap prices fall on weak LME

May 01, 2013 | 10:19 AM | Nathan Laliberte

Tags  Aluminum scrap, UBCs, LME, Nasaac, A380.1, Nathan Laliberte

NEW YORK — Most secondary aluminum smelter-grade scrap prices fell this week, with sources telling AMM that prices continued to show strong correlation to weakening terminal markets.

The range for high-grade turnings fell 1 cent to 71 to 73 cents per pound April 29, and mixed-grade turnings were down by a similar amount to 65 to 67 cents per pound.

Aluminum copper radiators weakened to a range of $1.64 to $1.69 per pound from $1.65 to $1.70 previously, and nonferrous auto shred, commonly known as twitch, also fell a penny to 81 to 83 cents per pound. U.S. aluminum producers’ UBC scrap prices decreased to 76 to 78 cents per pound from 77 to 79 cents.....

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