NEW YORK Free-market
prices for nonferrous automotive shredded scrap, or "twitch,"
have risen amid tight supply, according to producers and
buyers, with mill-grade aluminum scrap prices seeing strong
demand from major consumers.
"Metal is very tight and nothing
is coming in at this point," one twitch producer said.
prices rose to a range of 75 to 77 cents per pound Monday from
75 to 76 cents previously.
A major consumer of the item
said it is paying up to 77 cents per pound. Twitch has traded
within a range of 74 to 75 cents per pound for most of
Meanwhile, secondary alloy
prices also moved up this week as producers pursued higher
numbers following last weeks bump on the London Metal
Exchange. Prices for 319.1 rose to $1.03 to $1.05 per pound
from $1.02 to $1.04 previously, while A360.1 and A413.1 both
moved up to $1.06 to $1.07 per pound from $1.05 to $1.07 per
The cash North American special
aluminum alloy contract (Nasaac) closed the LMEs official
session at $1,861 per tonne (84.4 cents per pound) Tuesday, up
0.9 percent from Fridays close at $1,843.50 per tonne
(83.6 cents per pound) and the highest official close since
July 20, when the contract reached $1,865.50 per tonne.
Mill-grade scrap prices also
rose slightly at the start of this week due to strong demand
from major consumers, with painted siding moving up to a range
of 72 to 74 cents per pound from 71 to 73 cents, and mixed
low-copper clips rising to 76 to 77 cents per pound from 75 to
"I think they will come up a
little further. They seem to be more active on the buying side
going into September," one seller said, adding that he expects
demand for aluminum scrap to rise further following last
weeks rise in the Midwest P1020 aluminum premium (
amm.com, Aug. 24).
"Prime is not readily available,
so theyre reaching more for the scrap," the seller said.
"Theyre all hungry and there arent enough pounds
The seller added that 5052s have
become a particularly popular item.
A second scrap dealer echoed the
comment, noting that he has made regular sales to a large
primary and scrap buyer who has become "very aggressive" in
Many traders said market
activity was slow Monday, with the LME closed for a U.K. public