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Price notice: NF city scrap September update

Oct 04, 2019 | 11:58 AM | New York | Sean Barry

Tags  non-ferrous scrap, city scrap, non-ferrous city scrap, copper, aluminium, lead, zinc


Following a comprehensive consultation period, Fastmarkets AMM is set to delist several non-ferrous scrap grades currently assessed across multiple cities in the United States and Canada.

The process was undertaken to bring the non-ferrous city scrap prices in line with Fastmarkets AMM's global price reporting agency standards. The original notice was published on Monday June 17, followed by an update on the extended consultation period on September 19.

Fastmarkets AMM will discontinue the following city scrap non-ferrous dealer buying prices on January 2, 2020:

Copper Scrap

Assessment: Cocks and faucets
Quality: Shall consist of mixed clean red and yellow brass, including chrome or nickel-plated, free of gas cocks, beer faucets, and aluminium and zinc base die-cast material, and to contain a minimum of 35% semi-red. 
Location: US/Canada, specified city, delivered to yard 
Unit: US cents per lb (Canadian cities prices are in local currency) 
Publication: Twice a month (approximately 1st & 15th) 
ISRI code: Grape

Assessment: Brass pipe
Quality: Shall consist of brass pipe free of plated and soldered materials or pipes with cast brass connections. To be sound, clean pipes free of sediment and condenser tubes. 
Location: US/Canada, specified city, delivered to yard 
Unit: US cents per lb (Canadian cities prices are in local currency) 
Publication: Twice a month (approximately 1st & 15th) 
ISRI code: Melon

Assessment: Yellow brass rod ends
Quality: Shall consist of new, clean rod ends from free-turning brass rods or forging rods, to contain no more than 0.30% tin and no more than 0.15% alloyed iron. To be free of Muntz metal and naval brass or any other alloys. To be in pieces not larger than 12 inches and free of foreign matter. 
Location: US/Canada, specified city, delivered to yard 
Unit: US cents per lb (Canadian cities prices are in local currency) 
Publication: Twice a month (approximately 1st & 15th) 
ISRI code: Noble

Assessment: Yellow brass rod turnings 
Quality: Shall consist strictly of rod turnings, free of aluminium, manganese, composition, Tobin and Muntz metal turnings; to contain no more than 3% free iron, oil or other moisture; to be free of grindings and babbitts; to contain no more than 0.30% tin and no more than 0.15% alloyed iron. 
Location: US/Canada, specified city, delivered to yard 
Unit: US cents per lb (Canadian cities prices are in local currency) 
Publication: Twice a month (approximately 1st & 15th) 
ISRI code: Night

Assessment: High-grade bronze gears 
Quality: Shall consist of red brass bushings and bearings from automobiles and other machinery, shall contain no less than 12% high tin-base babbitt and shall be free of iron-backed bearings.
Location: US/Canada, specified city, dealer buying price, delivered to yard 
Unit: US cents per lb (Canadian cities prices are in local currency)
Publication: Twice a month (approximately 1st & 15th) 
ISRI code: Elder

Assessment: High-grade low-lead bronze 
Quality: It is recommended these materials be sold by analysis. 
Location: US/Canada, specified city, delivered to yard 
Unit: US cents per lb (Canadian cities prices are in local currency) 
Publication: Twice a month (approximately 1st & 15th) 
ISRI code: Eland

Assessment: Manganese bronze solids
Quality: Shall have a copper content of no less than 55%, a lead content of no more than 1% and shall be free of aluminium bronze and silicon bronze. 
Location: US/Canada, specified city, delivered to yard 
Unit: US cents per lb (Canadian cities prices are in local currency) 
Publication: Twice a month (approximately 1st & 15th) 
ISRI code: Parch

Assessment: Miscellaneous nickel-‘silver’ solids 
Quality: Shall consist of new, clean nickel-silver clippings, plate, rod and forgings, and other rolled shapes, free of chrome or any other plating material. Must be sold on nickel content specifications such as 10%–12%–15%–18%–20%. Leaded nickel-silver clippings should be packed and sold separately. A description as to its physical characteristics should be made in offering all nickel-silver material. 
Location: US/Canada, specified city, delivered to yard 
Unit: US cents per lb (Canadian cities prices are in local currency) 
Publication: Twice a month (approximately 1st & 15th) 
ISRI code: Major

Assessment: Manganese bronze turnings 
Quality: Shall have a copper content of no less than 55%, a lead content of no more than 1% and shall be free of aluminium bronze and silicon bronze.
Location: US/Canada, specified city, delivered to yard 
Unit: US cents per lb (Canadian cities prices are in local currency) 
Publication: Twice a month (approximately 1st & 15th) 
ISRI code: Parch

Aluminium scrap

Assessment: 75S aluminium clips 
Quality: Shall consist of new, clean, uncoated and unpainted aluminium scrap of one specified aluminium alloy with a minimum thickness of 0.015 inch (0.38 mm) and to be free of hair wire, wire screen, dirt and other non-metallic items. Oil and grease not to total more than 1%. Also free from punchings less than ½ inch (1.27 cm) in size. 
Location: US/Canada, specified city, delivered to yard 
Unit: US cents per lb (Canadian cities prices are in local currency) 
Publication: Twice a month (approximately 1st & 15th) 
ISRI code: Tooth 

Assessment: 75S borings, turnings, as is 
Quality: Shall consist of aluminium borings and turnings of one specified alloy. Material should be free of oxidation, dirt, free iron, stainless steel, magnesium, oil, flammable liquids, moisture and other non-metallic items. Fines should not exceed 3% through a 20-mesh (US standard) screen. 
Location: US/Canada, specified city, delivered to yard 
Unit: US cents per lb (Canadian cities prices are in local currency) 
Publication: Twice a month (approximately 1st & 15th) 
ISRI code: Teens 

Assessment: Aluminium utensils 
Quality: Shall consist of clean old alloy aluminium sheet of two or more alloys, free of foil, venetian blinds, castings, hair wire, screen wire, food or beverage containers, radiator shells, airplane sheet, bottle caps, plastic, dirt and other non-metallic items. Oil and grease not to total more than 1%. Up to 10% Tale permitted. 
Location: US/Canada, specified city, delivered to yard 
Unit: US cents per lb (Canadian cities prices are in local currency) 
Publication: Twice a month (approximately 1st & 15th) 
ISRI code: Taint/Tabor 

Lead scrap

Assessment: Mixed hard lead 
Quality: Shall consist of clean lead solids, free of other materials such as drosses, battery plates, lead covered cable, collapsible tubes, type metals, zinc, aluminium, iron and brass fittings, dirty chemical lead and radioactive materials. Review packaging specifications and regulatory status pertaining to shipping with buyer prior to sale.
Location: US/Canada, specified city, delivered to yard 
Unit: US cents per lb (Canadian cities prices are in local currency) 
Publication: Twice a month (approximately 1st & 15th) 
ISRI code: Radio 

Assessment: Wheel weights 
Quality: To consist of lead tire balances with or without iron clips. Not to include scrap lead, lugs or plates unless specifically agreed to. To be free of foreign material. Review packaging specifications and regulatory status pertaining to shipping with buyer prior to sale. 
Location: US/Canada, specified city, delivered to yard 
Unit: US cents per lb (Canadian cities prices are in local currency) 
Publication: Twice a month (approximately 1st & 15th) 
ISRI code: Ropes

Zinc scrap

Assessment: New zinc die-cast 
Quality: Shall consist of new or unused, clean, zinc base die-castings. Castings to be unplated, unpainted and free from corrosion. 
Location: US/Canada, specified city, delivered to yard 
Unit: US cents per lb (Canadian cities prices are in local currency)
Publication: Twice a month (approximately 1st & 15th) 
ISRI code: Scabs

Assessment: Old zinc die-cast 
Quality: Shall consist of miscellaneous old zinc base die-castings, with or without iron and other foreign attachments. Must be free of borings, turnings, dross pieces, chunks, melted pieces and skimmings. All unmeltables, dirt, foreign attachments and volatile substances (such as rubber, cork, plastic, grease, etc) are deductible. Material containing in excess of 30% iron will not constitute good delivery. 
Location: US/Canada, specified city, delivered to yard 
Unit: US cents per lb (Canadian cities prices are in local currency) 
Publication: Twice a month (approximately 1st & 15th) 
ISRI code: Saves

Assessment: Zinc die-cast automotive grilles 
Quality: Shall consist of clean, old or used zinc base die-cast automotive grilles, free from soldered material. All foreign attachments and extraneous materials are deductible. 
Location: US/Canada, specified city, delivered to yard 
Unit: US cents per lb (Canadian cities prices are in local currency) 
Publication: Twice a month (approximately 1st & 15th) 
ISRI code: Scoot

Prices to be retained
Following feedback from the industry, Fastmarkets AMM will not discontinue the following city scrap non-ferrous dealer buying prices:

Copper Scrap:

Assessment: Mixed yellow brass turnings, borings 
Quality: Shall consist of yellow brass turnings, free of aluminium, manganese and composition turnings, not to contain over 3% of free iron, oil or other moisture; to be free of grindings and babbitts. To avoid dispute, to be sold subject to sample or analysis. Also includes borings. 
Location: US/Canada, specified city, delivered to yard 
Unit: US cents per lb (Canadian cities prices are in local currency) 
Publication: Twice a month (approximately 1st & 15th) 
ISRI code: Nomad

Aluminium Scrap:

Assessment: Segregated low-copper alloy clips 
Quality: Shall consist of new, clean, uncoated and unpainted aluminium scrap of one specified aluminium alloy with a minimum thickness of 0.015 inch (0.38 mm) and to be free of hair wire, wire screen, dirt and other non-metallic items. Oil and grease not to total more than 1%. Also free from punchings less than ½ inch (1.27 cm) in size. 
Location: US/Canada, specified city, delivered to yard 
Unit: US cents per lb (Canadian cities prices are in local currency) 
Publication: Twice a month (approximately 1st & 15th) 
ISRI code: Tooth

Assessment: Industrial castings 
Quality: Shall consist of all clean aluminium castings which may contain auto and airplane castings but no ingots, and to be free of iron, brass, dirt and other non-metallic items. Oil and grease not to total more than 2%. 
Location: US/Canada, specified city, delivered to yard 
Unit: US cents per lb (Canadian cities prices are in local currency) 
Publication: Twice a month (approximately 1st & 15th) 
ISRI code: Tense

Assessment: 63S aluminium solids 
Quality: Shall consist of new, clean, uncoated and unpainted aluminium scrap of two or more alloys with a minimum thickness of 0.015 inch (0.38 mm) and to be free of hair wire, wire screen, dirt and other non-metallic items. Oil and grease not to total more than 1%. Also free from punchings less than ½ inch (1.27 cm) in size. 
Location: US/Canada, specified city, delivered to yard 
Unit: US cents per lb (Canadian cities prices are in local currency) 
Publication: Twice a month (approximately 1st & 15th) 
ISRI code: Tough

Assessment: Litho sheets 
Quality: To consist of 1000- and/or 3000-series alloys, to be free of paper, plastic, excessively inked sheets and any other contaminants. Minimum size of 3 inches (8 cm) in any direction. 
Location: US/Canada, specified city, delivered to yard 
Unit: US cents per lb (Canadian cities prices are in local currency) 
Publication: Twice a month (approximately 1st & 15th) 
ISRI code: Tablet

Update:
Rather than publishing a price range for each grade in the 14 cities in the US that Fastmarkets AMM assesses, a single price will be published for those grades in the US.

Following market feedback, Fastmarkets AMM will use a median price of the inputs it receives rather than an average as previously planned. Due to the wide-ranging nature of prices received, a median price would better reflect the values obtained across the various cities. 

Fastmarkets AMM will maintain separately the Montreal and Toronto regions for Canada in response to market feedback. But instead of publishing a price range for each grade in the two regions, Fastmarkets AMM will also use a median price to better reflect the inputs received across the two cities. 

All prices will continue to be assessed on the 1st and 15th of each month.

As part of the shift from city-specific price ranges to a single median price assessment, a one-time, permanent, non-market adjustment will be posted for each realigned grade. The adjustment, which will take place on January 2, 2020, will compare the high and low side of each city-specific range with a new single price. Prices will continue to be assessed on the 1st and 15th of each month.

To provide feedback on this price notice, or if you would like to provide price information by becoming a data submitter to the non-ferrous city scrap assessments, please contact Sean Barry at sean.barry@fastmarkets.com. Please add the subject heading FAO: Sean Barry re: non-ferrous city scrap prices.

To see all of Fastmarkets AMM's pricing methodology and specification documents, click here.


 

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