NEW YORK Free-market
mill-grade aluminum scrap prices were boosted by a rise in
London Metal Exchange pricing on Monday, with buyers reporting
an accompanying rise in trading activity.
Used beverage cans moved up to a
range of 73 to 75 cents per pound, picked up, from 72 to 74
cents previously; and 3105 segregated clippings increased to 79
to 81 cents per pound from 77 to 79 cents.
Mill-grade mixed low-copper
clips rose to 77 to 79 cents from 76 to 78 cents per pound, and
painted siding rose a penny to a range of 73 to 75 cents per
Secondary scrap and alloy prices
were unchanged, with A380.1 remaining in a range of 99 cents to
$1.01 per pound.
The cash North American special
aluminum alloy contract (Nasaac) closed the LMEs official
session at $1,886 per tonne (85.5 cents per pound) Tuesday, up
2.2 percent from Fridays $1,845.50 per tonne (83.7 cents
"With the LME pop, there was a
flurry of activity," one scrap buyer said. "Everybody is trying
to get it while the gettings good."
Meanwhile, alloy producers also
reported strong sales activity, although tight margins
"We are busy and can continue to
move any 380 or 319 we produce. Even if we want to build
inventory, its out the door in days," one producer said.
"We dont understand the need to sell at 99 cents to $1.
Weve had no issues getting $1.01."
A second producer, who sold at
99 cents and $1 per pound for A380.1, said that he hadnt
yet been forced to sell at 98 cents per pound but would
consider such an offer.
"No one has margins," one broker
said. "Everyone is pretty miserable these days."