NEW YORK Prices for mill-grade aluminum scrap fell
June 10 as weakening terminal markets and tepid trading
activity dragged the secondary market down.
Prices for 5052 segregated low-copper alloy clips fell to 90 to
92 cents per pound from 91 to 93 cents, while 3105 clips
declined to 81 to 83 cents per pound from 83 to 85 cents and
mill-grade mixed low-copper alloy clips decreased to 79 to 81
cents per pound from 81 to 82 cents.
Meanwhile, painted siding narrowed to 76 to 78 cents per pound
from 77 to 79 cents previously.
The market is off a bit, but we are still seeing
relatively steady demand from the mills, one mill-grade
seller told AMM. We should see prices pick up if the
market strengthens over the course of the week.
The cash primary aluminum contract on the London Metal Exchange
ended the official session at $1,884 per tonne (85.5 cents per
pound) June 10, down 2.3 percent from $1,927.5 per tonne (87.4
cents per pound) June 6.
LME aluminum prices slipped further June 11, with the cash
contract ending the official session at $1,848.50 per tonne
(83.8 cents per pound).
Meanwhile, most smelter-grade secondary aluminum prices were
unchanged from previous levels June 10, with market
participants noting that steady demand has continued to buoy
The only grade to register a price change was used beverage
cans (UBCs), which eased to 75 to 77 cents per pound from 76 to
Metal flow is great at the moment, one UBC buyer
said. There is plenty of material to go
Secondary alloy prices also held steady June 10, with sources
telling AMM that major alloy producers were not giving in to
downward pricing pressure.
I am simply not going to sell my product at a loss,
one alloy producer said. I offer an excellent product at
a reasonable price. There is no reason for me to start
Most producers put A380.1 sales at $1.02 to $1.04 per pound, as
sources said that sales in the $1.05 to $1.06 range were
All other major alloys were unchanged, with 319.1 at $1.07 to
$1.09 per pound, 356.1 at $1.10 to $1.11 per pound, and
low-copper A360.1 and A413.1 alloys steady at $1.09 to $1.10
per pound and $1.10 to $1.11 per pound, respectively.