NEW YORK Free-market
mill-grade aluminum scrap prices dropped further Thursday in
step with the London Metal Exchange, while some secondary alloy
producers reported surprisingly brisk trade before
Prices for 5052 segregated
clippings fell to 94 to 96 cents per pound from 96 to 98 cents
previously, while prices for 3105 clippings declined to a range
of 83 to 85 cents per pound from 85 to 87 cents.
Used beverage cans (UBCs) also
widened to a range of 79 to 81 cents per pound picked up, while
A413.1 alloy widened to a range of $1.08 to $1.10 per
The cash North American special
aluminum alloy contract (Nasaac) closed the LMEs official
session Friday at $1,897 per tonne (86 cents per pound), down
0.7 percent from $1,911 per tonne (86.7 cents per pound)
Prices for A380.1 remained
unchanged at $1.02 to $1.03 per pound, although there were a
few transactions reported outside this range.
One die caster bought A380.1 at
$1 per pound, having been offered Nasaac metal at 99 cents, he
said, claiming that none of his suppliers quoted $1.04 per
pound but some producers "held pretty firm" on quotes of
"I know theyre having a
hell of a time getting scrap right now," he said.
Meanwhile, an alloy producer
reported selling two truckloads of A380.1 at $1.055 per pound.
"Somebody needed to get some material before the end of the
year," he said.
"Business has been brisk, as
consumers seemed to have shot a little short of their year-end
requirements. ... (Prices are) mainly flat to a little down
where producers have inventory to clear out," a second alloy
"For the price of scrap, ingot
prices still need to come up," a third producer said.
Meanwhile, scrap market
participants reported very quiet trading activity.
"Everybody is in holiday mode,"
one buyer said. "Most dealers have made the money that they
want to make for this year, and a lot of them feel that prices
will go up next year."