NEW YORK Most free-market
lead scrap prices weakened this week, with market participants
noting that tags had started to follow recent drops on the
London Metal Exchange.
The LMEs three-month lead
price ended the March 26 official session at $2,184.50 per
tonne (99.1 cents per pound), down 2.3 percent from $2,235 per
tonne ($1.01 per pound) two weeks earlier.
Lead scrap fell to a range of 79
to 81 cents per pound from 80 to 82 cents previously, remelt
lead weakened to 83 to 85 cents per pound from 84 to 86 cents
and cable lead fell to 82 to 84 cents per pound from 83 to 85
The market is definitely softening up a little bit and is
starting to reflect drops on the LME, one lead scrap
buyer said. Volumes are down, mainly because the yards
are holding material in hopes of seeing a bump on the
Whole junk batteries remained
unchanged at 40 to 42 cents per pound, with sources noting that
supplies were still relatively low despite recent storms across
the Midwest. "We should see supplies increase over the next
couple of weeks" one battery buyer said. "Usually there is a
bit of a lag between bad weather and junk batteries entering
Meanwhile, prices for zinc scrap fell across the board, sources
New zinc clippings weakened to
63 to 65 cents per pound from 65 to 67 cents previously, old
zinc fell to a range of 48 to 50 cents per pound from 50 to 52
cents and galvanizers dross dropped to 65 to 67 cents per
pound from 67 to 69 cents.
The LMEs three-month
primary zinc price ended the March 26 official session at
$1,940.50 per tonne (88 cents per pound), down 2.9 percent from
$1,998 per tonne (90.6 cents per pound) two weeks earlier.