Aluminum scrap down on LME drop

May 03, 2013 | 03:18 PM | Nathan Laliberte

Tags  aluminum scrap, mill-grade aluminum, LME, Nasaac, Comex, Nathan Laliberte

NEW YORK — Prices for secondary aluminum smelter-grade scrap maintained their slide May 2, with sources telling AMM that buyers continue to test the lower levels of the market.
Prices for mixed low-copper clips fell to 72 to 74 cents per pound from 74 to 76 cents previously; mixed high-copper clips fell 2 cents to 71 to 73 cents per pound from 73 to 75 cents previously; mixed high-zinc clips weakened to 67 to 68 cents per pound from 69 to 70 cents; 1-1-3 sows moved down to 75 to 77 cents per pound from 77 to 79 cents; painted siding fell to 70 to 72 cents per pound from 71 to 73 cents; mixed clips slipped to 71 to 73 cents per pound from 73 to 74 cents; and high-grade and mixed-grade turnings each decreased a penny to stand at 70 to 72 cents per pound and 64 to 66 cents per pound, respectively.....

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