Rise in aluminum scrap demand buoys prices
Jan 07, 2014 | 03:49 PM
| Nathan Laliberte
NEW YORK Prices for most grades of secondary aluminum smelters scrap moved higher Jan. 6 as an increase in post-holiday demand coupled with a slight decrease in supply helped buoy the market, participants told AMM.
The drop in supply was largely attributed to the bitterly cold weather across much of the country.
The price uptick ran counter to recent declines on the London Metal Exchange, where the cash primary aluminum contract ended the official session Jan. 6 at $1,717.50 per tonne (77.9 cents per pound), down 2.2 percent from $1,755.50 per tonne (79.6 cents per pound) Jan 2. The contract recovered slightly Jan. 7, closing the official session at....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.