Twitch prices soar on supply crimp, weather

Jan 27, 2014 | 02:51 PM | Nathan Laliberte

Tags  twitch, nonferrous auto shred, automotive, zorba, auto ingot, scrap, Institute of Scrap Recycling Industries, ISRI srap prices

NEW YORK — U.S. prices for high-grade twitch, or floated fragmentizer aluminum scrap, have spiked over the past two weeks, with buyers and sellers noting that a prolonged spat of wintry weather across much of the Midwest and Northeast is drastically reducing domestic supply.

As a result, twitch prices have risen to 83 to 85 cents per pound over the past 10 days, up around 5 percent from 79 to 81 cents previously, market participants told AMM.

Producers were struggling to operate heavy media separators in below-freezing temperatures, several buyer sources said.....





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