NEW YORK Some mill-grade
aluminum scrap prices increased April 8 as strengthening
terminal markets coupled with steady demand lent support to the
The price range for 5052
segregated low-copper alloy clips narrowed to 89 to 90 cents
per pound from 88 to 90 cents April 4; 3105 clips increased to
81 to 83 cents per pound from 80 to 82 cents; and mill-grade
mixed low-copper alloy clips rose to 79 to 81 cents per pound
from 78 to 80 cents. Painted siding held steady at 74 to 76
cents per pound.
"Mill grades have stayed steady
largely because ... we simply dont have enough supply,"
one mill-grade seller said. "We have gotten quite a few calls
from consumers who dont normally do business with us.
They want to make sure that the quotes from their normal
suppliers are not higher than the market."
The cash primary aluminum
contract on the London Metal Exchange ended the official
session April 9 at $1,858.50 per tonne (84.3 cents per pound),
up 1.4 percent from $1,833.50 per tonne (83.2 cents per pound)
Meanwhile, prices for most
secondary smelter grades were unchanged April 8, with sources
indicating that trading activity usually weakens ahead of the
Institute of Scrap Recycling Industries annual convention
and exposition, which kicked off April 9 in Orlando, Fla.
"A lot of the sellers will wait
until they get to the convention to sell," one trader said.
"Its always good to have something in your back pocket
... something that will be good for taking to a meeting."
Of the secondary grades, used
beverage cans (UBCs) registered the only price change, widening
to 75 to 77 cents per pound from 75 to 76 cents previously.
Secondary alloy prices also were
steady April 8, as producers said tightness in the scrap market
continued to present significant headwinds to maintaining
"Right now, we are picking the
ripe apples off the tree and letting the rest go," one producer
source said. "We have to have the resolve to maintain strong
price discipline. Demand is excellent and we simply wont
adjust prices to meet lower quotes."
Prices were unchanged for A380.1
at $1.04 to $1.05 per pound, 319.1 at $1.09 to $1.10 per pound,
and 356.1, A360.1 and A413.1 all at $1.11 to $1.12 per
The LMEs cash North
American special aluminum alloy contract (Nasaac) ended the
official session April 9 at $1,790 per tonne (81.2 cents per
pound), up 1.7 percent from $1,760 per tonne (79.8 cents per
pound) April 4.