NEW YORK Free-market
aluminum scrap and secondary alloy prices were largely
unchanged Thursday, with a flat London Metal Exchange and quiet
trading activity combining to keep prices steady.
Used beverage cans (UBCs)
widened to a range of 72 to 74 cents per pound (picked up) from
72 to 73 cents, while painted siding also widened to a range of
72 to 74 cents from 69 to 71 cents previously.
Old sheet dropped to a range of
68 to 70 cents per pound from 69 to 71 cents, while mixed clips
also dropped a penny to a range of 70 to 71 cents per
The LMEs North American
special aluminum alloy contract (Nasaac) cash price closed the
official session Friday at $1,845.50 per tonne (83.7 cents per
pound), down 1.6 percent from $1,875 per tonne (85 cents per
pound) on Tuesday.
Scrap traders contacted by
AMM said that activity was still slim as the industry
slows down for the end of the year and holiday season.
"I think people out there are
planning for year-end already. ... If they need something
theyre buying it, weve had a lot of inquiries for
prompt delivery. The rest is all about the first quarter of
2013," one scrap seller said.
"Buying is spotty. Some
purchasing guys are doing significant amounts of poundage, some
guys are totally dead," a scrap buyer said.
A second scrap buyer said that his company had moved its
numbers back up to "competitive" levels, having previously
lowered them to control buying. "We got our inventories back in
line," he said.
Aluminum alloy prices were unchanged Thursday with
A380.1 remaining at 99 cents to $1.01 per
pound, 319.1 holding at $1.05 to $1.06 and 356.1 staying at
$1.08 to $1.10 per pound.
A360.1 and A413.1 also continued to trade in a range
of $1.06 to $1.08 per pound.