NEW YORK Most secondary
aluminum smelter-grade scrap prices fell this week, with
sources telling AMM that prices continued to show
strong correlation to weakening terminal markets.
The range for high-grade
turnings fell 1 cent to 71 to 73 cents per pound April 29, and
mixed-grade turnings were down by a similar amount to 65 to 67
cents per pound.
Aluminum copper radiators
weakened to a range of $1.64 to $1.69 per pound from $1.65 to
$1.70 previously, and nonferrous auto shred, commonly known as
twitch, also fell a penny to 81 to 83 cents per pound. U.S.
aluminum producers UBC scrap prices decreased to 76 to 78
cents per pound from 77 to 79 cents.
Meanwhile, prices for mill-grade
aluminum were down across the board, with market participants
telling AMM that tepid trading activity and lower
volumes were dragging tags down.
Prices for 5052 segregated
low-copper alloy clips weakened to 88 to 91 cents per pound
from 90 to 92 cents; 3105 clips slipped to 81 to 83 cents per
pound from 82 to 84 cents; mill-grade mixed low-copper alloy
clips declined to 79 to 81 cents per pound from 80 to 82 cents;
and painted siding fell to 76 to 78 cents per pound from 77 to
The cash primary aluminum
contract on the London Metal Exchange ended the April 29
official session at $1,846.50 per tonne (83.8 cents per pound),
down 1.9 percent from $1,883 per tonne (85.4 cents per pound)
Secondary alloy tags continued
to hold steady April 29, despite continued weakness by the
LMEs cash North American special aluminum alloy contract
Most producers said A380.1 sales
remain at $1.04 to $1.05 per pound, with some sources telling
AMM that orders requiring immediate delivery were
commanding prices in the $1.05 to $1.06 range.
All other major alloys were
unchanged, with 319.1 at $1.09 to $1.10 per pound; 356.1 at
$1.11 to $1.12; A360.1 at $1.09 to $1.11; and A413.1 at $1.10
Cash Nasaac closed the April 29
official session at $1,730.50 per tonne (78.5 cents per pound),
its lowest level in nearly three and a half years. However, the
price edged 1.4-percent higher April 30, ending the official
session at $1,755 per tonne (79.6 cents per pound).
All other secondary grades were