Smelter-grade aluminum scrap prices remained mostly steady
during the past week, as limited volatility on the London Metal
Exchange coupled with tepid trading activity has led to a "wait
and see" attitude among buyers and sellers, traders said.
Prices for aluminum
used beverage cans (UBCs) inched up to 68 to 70 cents per pound
Sept. 26 from 67 to 69 cents and aluminum-copper radiators rose
to $1.61 to $1.66 per pound from $1.60 to $1.65 per pound.
Prices for mill-grade
aluminum scrap also moved higher, in step with a slight LME
Prices for 5052
segregated low-copper alloy clips rose to 84 to 86 cents per
pound Sept. 26 from 83 to 85 cents previously, 3105 clips to 76
to 78 cents from 75 to 77 cents, mixed low-copper alloy clips
to 73 to 75 cents from 72 to 74 cents and painted siding to 71
to 73 cents from 70 to 72 cents per pound previously.
The primary aluminum
cash contract on the LME ended the official session at
$1,761.50 per tonne (79.9 cents per pound) Sept. 26, up
slightly from $1,754.50 per tonne (79.6 cents per pound) Sept.
All other secondary
grades were unchanged.
Prices for twitch, or
high-quality nonferrous auto shred, this past week also rose a
penny on the low end to 79 to 80 cents per pound from 78 to 80
cents previously, as market players said strong demand from the
automotive sector had caused sellers to take a harder line with
price quotes (amm.com, Sept. 26).
Sellers of twitch have seen an unexpected increase in
consumption over the past two weeks, one trader said. "I got a
call from someone who said he had run through his loads sooner
than he thought," he said. "I guess the auto guys are running
really hard and demanding more material than was initially