Aluminum scrap tags flat following LME holiday
Apr 22, 2014 | 02:34 PM
| Bhavna Patel
NEW YORK Aluminum scrap prices remained largely unchanged this week as they continued to follow primary aluminum prices on the London Metal Exchange, which was closed April 21 for a four-day Easter holiday.
With terminal markets inactive, most scrap prices remained flat April 21 compared with April 17.
Some market participants said they are paying close attention to prices for twitch (a nonferrous auto shred), which they anticipate may soften due to an oversupply of zorba, the feedstock for twitch (amm.com, April 18) Sellers of zorba have a limited market to go to now. ... Its....
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