Aluminum scrap prices down on supply glut

Jun 18, 2013 | 03:00 PM | Nathan Laliberte

Tags  aluminum scrap, LME, A380.1, mill-grade aluminum, secondary alloys, LME, aluminum prices, scrap prices Nathan Laliberte

NEW YORK — Most prices for smelter-grade aluminum scrap fell June 17 as improved supply and lower exchange prices weighed on the secondary market, sources said.

The price range for secondary smelters’ mixed low-copper clips widened to 72 to 74 cents per pound from 73 to 74 cents on June 13, mixed high-copper clips weakened to 72 to 73 cents per pound from 72 to 74 cents and painted siding moved to 70 to 72 cents per pound from 71 to 73 cents. Mixed clips fell to 70 to 72 cents per pound from 71 to 73 cents and old cast slipped to 70 to 71 cents per pound from 71 to 72 cents.....

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