NEW YORK Prices
for mill-grade aluminum scrap have moved higher, in step with
recent increases on the London Metal Exchange.
Prices for 5052
segregated low-copper alloy clips rose to 89 to 91 cents per
pound Aug. 19 from 88 to 90 cents previously, 3105 clips moved
up to 80 to 82 cents per pound from 79 to 81 cents, the range
for mixed low-copper alloy clips tightened to 78 to 79 cents
per pound from 77 to 79 cents and painted siding inched up to
75 to 77 cents per pound from 74 to 76 cents.
smelter-grade aluminum scrap remained mostly steady, with
market participants saying that despite upticks on the LME,
demand was being outpaced by supply.
"I think demand is
pretty good, but at the same time there is enough material to
supply that demand," one scrap trader told AMM. "There
is material out there and it doesnt have a whole lot of
places to go. People arent really chasing it. I just
dont see a lot of scrambling for material right now."
aluminum-copper radiators slipped to $1.60 to $1.65 per pound
from $1.62 to $1.67 previously, but aluminum used beverage cans
(UBCs) moved up to 72 to 74 cents per pound from 71 to 73
One UBC buyer said
that volumes were steady, and he was not looking to ramp up his
purchasing activity until the end of summer. "Our volume is
fine, but we really do not want a lot quite yet," he said. "We
are still out a ways on appointments and holding back just a
little on price."
The primary aluminum
cash contract on the LME ended the official session Aug. 19 at
$1,872.50 per tonne (84.9 cents per pound), up 1.6 percent from
$1,842.50 per tonne (83.6 cents per pound) Aug. 15.
All other secondary
grades were unchanged.