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Mill-grade aluminum scrap prices move higher

Keywords: Tags  mill-grade aluminum scrap, London Metal Exchange, LME, Comex, UBCs, used beverage cans, aluminum-copper radiators, Nathan Laliberte

NEW YORK — Prices for mill-grade aluminum scrap moved higher in step with recent increases on the London Metal Exchange.

Prices for 5052 segregated low-copper alloy clips rose to 84 to 86 cents per pound Sept. 19 from 82 to 84 cents previously, 3105 clips moved up to 76 to 78 cents per pound from 75 to 77 cents, mixed low-copper alloy clips rose to 73 to 75 cents per pound from 72 to 74 cents and painted siding inched up to 71 to 73 cents per pound from 70 to 72 cents.

Meanwhile, smelter-grade aluminum scrap remained mostly steady, with market participants saying that trading activity had been relatively tepid over the past week.

Prices for aluminum used beverage cans (UBCs) moved up to 68 to 70 cents per pound from 67 to 69 cents and aluminum-copper radiators strengthened on the back of recent upticks on Comex to $1.62 to $1.67 per pound from $1.60 to $1.65.

The primary aluminum cash contract on the LME ended the official session Sept. 19 at $1,771.50 per tonne (80.4 cents per pound), up 2.1 percent from $1,734.50 per tonne (78.7 cents per pound) Sept. 16.

All other secondary grades were unchanged.

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