NEW YORK Some free-market secondary aluminum scrap
prices increased in step with the London Metal Exchange Jan.
Cash primary aluminum prices settled at $2,009 per tonne (91.1
cents per pound) on the LME Jan. 22, up from $2,003.50 per
tonne (90.9 cents per pound) Jan. 17.
Prices for some secondary aluminum scrap such as mixed
high-zinc clips rose to 69 to 71 cents per pound from 67 to 69
cents previously, while prices for aluminum copper radiators
increased to a range of $1.76 to $1.81 per pound from $1.74 to
$1.79 previously. The range on mixed clips widened to 74 to 76
cents per pound from 75 to 76 previously.
Meanwhile, all other obsolete grades of aluminum scrap
preferred by alloy makers remained unchanged.
Despite LMEs strengthening, used beverage cans (UBCs),
which typically trend with terminal markets, remained unchanged
at 76 to 78 cents per pound, Mill-grade aluminum scrap prices
were also unchanged.
There doesnt seem to be a lot of excitement in
terminal pricing, one mill-grade buyer said. The
LME is just kind of hanging around the same range. I think
people are waiting to see some movement.
The cash North American special aluminum alloy contract
(Nasaac) on the LME traded at $1,840 per tonne (83.5 cents per
pound) Jan. 22, down from $1,850 per tonne (83.9 cents per
pound) Jan. 17.
Despite the weakening on the Nasaac, prices for A380.1 remained
unchanged at $1.02 to $1.04 per pound, according to market