NEW YORK Prices
for mill-grade aluminum scrap weakened across the board July
15, with sources saying that tepid market activity coupled with
weakening exchange prices were having negative effects on the
Prices for 5052
segregated low-copper alloy clips fell to 84 to 86 cents per
pound from 86 to 88 cents previously, 3105 clips slipped to 76
to 78 cents per pound from 78 to 80 cents, mixed low-copper
alloy clips decreased to 74 to 76 cents per pound from 76 to 78
cents and painted siding moved down to 71 to 73 cents per pound
from 73 to 75 cents.
"This is all terminal
market related," one scrap trader said. "Demand for mill-grade
scrap is pretty good and if the (London Metal Exchange) goes up
secondary prices should follow."
smelter-grade aluminum scrap were mostly steady July 15, with
participants saying that slowing demand could bring tags down
in the coming weeks.
The price range for
1-1-3 sows fell to 74 to 76 cents per pound from 75 to 77 cents
previously. U.S. aluminum producers used beverage can
(UBC) prices also decreased to 70 to 71 cents per pound from 71
to 72 cents.
The primary aluminum
cash contract on the LME ended the official session July 15 at
$1,752.50 per tonne (79.5 cents per pound), down 2.7 percent
from $1,800.50 per tonne (81.7 cents per pound) July 11.
Secondary alloy tags
held steady July 15 as demand from the automotive sector
continued to bolster the market, sources said.
Prices for A380.1
remained at $1.01 to $1.03 per pound and 319.1 at $1.07 to
$1.09 per pound. Prices for 356.1, as well as the low-copper
A360.1 and A413.1 alloys, were all steady at $1.08 to $1.10 per
All other secondary
scrap grades were unchanged.