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Price notice: Al scrap, secondary alloys update

Nov 25, 2019 | 10:00 AM | New York | Sean Barry

Tags  aluminium scrap, secondary aluminium alloys, price assessment, assessment frequency, price notice


Following a one-month consultation, Fastmarkets will change the assessment frequency of its aluminium scrap and secondary aluminium alloy prices.

Market feedback received confirmed that weekly pricing on Thursdays - rather than twice weekly on Mondays and Thursdays - would be more reflective of market movements and ensure price robustness while maintaining the best products for Fastmarkets’ customers.

The prices outlined in Fastmarkets’ initial proposal will switch to a weekly assessment on Thursday January 2, 2020. All prices will continue to be assessed twice weekly on Mondays and Thursdays through December 31.

The grades of aluminium scrap and secondary aluminium alloys moving to a weekly assessment are: 

Secondary smelters aluminium scrap 

Assessment: Mixed low copper clips 
Quality: Shall consist of new, clean, uncoated and unpainted low copper aluminium scrap of two or more alloys with a minimum thickness of 0.015 inches (.38 mm) and to be free of 2000 and 7000 series, hair wire, wire screen, punchings less ½ inch (1.25 cm) diameter, dirt, and other non-metallic items. Grease and oil not to total more than 1%. Variations to this specification should be agreed upon prior to shipment between the buyer and seller. 
Location: US Midwest, delivered to smelters 
Unit: US cents per lb
ISRI code: Taboo 

Assessment: Mixed high copper clips 
Quality: Shall consist of new, clean, uncoated and unpainted aluminium scrap of two or more alloys in 2000-series with a minimum thickness of .015 inch (.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% 
Location: US Midwest, delivered to smelters 
Unit: US cents per lb
ISRI code: Score 

Assessment: Mixed high zinc clips 
Quality: Shall consist of new, clean, uncoated and unpainted aluminium scrap of two or more alloys in 7000-series with a minimum thickness of .015 inch (.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% 
Location: US Midwest, delivered to smelters 
Unit: US cents per lb

Assessment: 1-1-3 sows 
Quality: Shall consist of aluminium scrap which has been sweated or melted into a form or shape such as an ingot, sow or slab for convenience in shipping; to be free from corrosion, dross or any non-aluminium inclusions. Should be sold subject to sample or analysis. 
Location: US Midwest, delivered to smelters 
Unit: US cents per lb
ISRI code: Throb 

Assessment: Siding, painted 
Quality: Shall consist of clean, low copper aluminium siding scrap, painted one or two sides, free of plastic coating, iron, dirt, corrosion, fiber, foam, or fiberglass backing or other non-metallic items. 
Location: US Midwest, delivered to smelters 
Unit: US cents per lb
ISRI Tale 

Assessment: Mixed clips 
Quality: Shall consist of new, clean, uncoated and unpainted aluminium scrap of two or more alloys with a minimum thickness of .015 inch (.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% 
Location: US Midwest, delivered to smelters 
Unit: US cents per lb

Assessment: Old sheet 
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 Midwest, delivered to smelters 
Unit: US cents per lb
ISRI code: Taint/Tabor 

Assessment: Old cast 
Quality: Aluminium castings for consumption by secondary aluminium smelters, crushed cast, shreddable, less than 1% magnesium and zinc, low iron, low contamination; minimum recovery rate 92% 
Location: US Midwest, delivered to smelters 
Unit: US cents per lb

Turnings, clean and dry, high grade 
Quality: Zinc max. 1.5%. Shall consist of clean, uncorroded aluminium borings and turnings of two or more alloys and subject to deductions for fines in excess of 3% through a 20 mesh screen and dirt, free iron, oil, moisture and all other non-metallic items. Material containing iron in excess of 10% and/or free magnesium or stainless steel or containing highly flammable cutting compounds will not constitute good delivery. To avoid dispute, material should be sold on basis of definite maximum zinc, tin and magnesium content. 
Location: US Midwest, delivered to smelters 
Unit: US cents per lb

Assessment: Turnings, clean and dry, mixed grade 
Quality: Zinc max. 5%. Shall consist of clean, uncorroded aluminium borings and turnings of two or more alloys and subject to deductions for fines in excess of 3% through a 20 mesh screen and dirt, free iron, oil, moisture and all other non-metallic items. Material containing iron in excess of 10% and/or free magnesium or stainless steel or containing highly flammable cutting compounds will not constitute good delivery. To avoid dispute, material should be sold on basis of definite maximum zinc, tin and magnesium content. 
Location: US Midwest, delivered to smelters 
Unit: US cents per lb

Assessment: Aluminium-copper radiators 
Quality: Shall consist of clean aluminium and copper radiators, and/or aluminium fins on copper tubing, free of brass tubing, iron and other foreign contamination. 
Location: US Midwest, delivered to smelters 
Unit: US cents per lb

Assessment: Non-ferrous auto shred (90% aluminium) 
Quality: Derived from wet or dry media separation device, the material must be dry and not contain more than 1% maximum free zinc, 1% maximum free magnesium, and 1% maximum of analytical iron. Not to contain more than a total 2% maximum of non-metallics, of which no more than 1% shall be rubber and plastics. To be free of excessively oxidized material, air bag canisters, or any sealed or pressurized items. Any variation to be sold by special arrangement between buyer and seller. 
Location: US Midwest, delivered to smelters 
Unit: US cents per lb
ISRI code: Twitch 

Assessment: Used beverage can scrap 

Quality: Shall have a minimum density of 14 pounds per cubic foot (225 kg/ m3), and a maximum density of 17 pounds per cubic foot (273 kg/ m3) for unflattened UBC and 22 pounds per cubic foot (353 kg/m3) for flattened UBC. Size: Minimum 30 cubic feet (.85 m3), with bale range dimensions of 24” to 40” (61 to 132 cm) by 30” to 52” (76 to 132 cm) by 40” to 84”(102 to 213 cm). The only acceptable tying method shall be as follows: four to six 5/8” (1.6 cm) x .020” (5 mm) steel bands, or six to ten #13 gauge steel wires (aluminium bands or wires are acceptable in equivalent strength and number). Use of skids and/ or support sheets of any material is not acceptable. Must be magnetically separated material and free of steel, lead, bottle caps, plastic cans and other plastic, glass, wood, dirt, grease, trash, and other foreign substances. Any free lead is basis for rejection. Any and all aluminium items, other than used beverage cans, are not acceptable. Variations to this specification should be agreed upon prior to shipment between the buyer and seller. 
Location: f.o.b. shipping point 
Unit: US cents per lb
ISRI code: Taldon

Mills, specialty consumer buying prices 

Assessment: Segregated low copper alloy clips: 5052 
Quality: 5052 alloy scrap only. Shall consist of new, clean, uncoated and unpainted aluminium scrap of one specified aluminium alloy with a minimum thickness of .015 inch (.38 mm) and to be free of hair wire, wire screen, dirt and other nonmetallic items. Oil and grease not to total more than 1%. Also free from punchings less than ½ inch (1.27 cm) in size. 
Location: Delivered 
Unit: US cents per lb
ISRI code: Tooth 

Assessment: Segregated low copper alloy clips: 3105 
Quality: 3105 alloy scrap only. Shall consist of new, clean, uncoated and unpainted aluminium scrap of one specified aluminium alloy with a minimum thickness of .015 inch (.38 mm) and to be free of hair wire, wire screen, dirt and other nonmetallic items. Oil and grease not to total more than 1%. Also free from punchings less than ½ inch (1.27 cm) in size. 
Location: Delivered 
Unit: US cents per lb
ISRI code: Tooth 

Assessment: Mixed low copper alloy clips 
Quality: Shall consist of new, clean, uncoated and unpainted aluminium scrap of two or more alloys with a minimum thickness of .015 inch (.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: Delivered 
Unit: US cents per lb
ISRI code: Tough 

Assessment: Painted siding 
Quality: Shall consist of new clean, low copper aluminium siding scrap, painted one side ONLY, free of iron, dirt, corrosion, fiber backing, plastisol and any other foreign contamination. 
Location: Delivered 
Unit: US cents per lb

Secondary aluminium alloys 

Assessment: Aluminium alloy A380.1 
Quality: Copper 3.00-4.00%, iron 1.00%, magnesium 0.10%, manganese 0.50%, nickel 0.50%, silicon 7.50- 9.50%, tin 0.35%, zinc 2.90%, aluminium remainder. Form: Ingot 
Location: Delivered Midwest 
Unit: US cents per lb
Quantity: Truckload/20 tons 
Payment terms: Net 30 days post delivery

Assessment: Aluminium alloy 319.1 
Quality: Copper 3.00-4.00%, iron 0.80%, magnesium 0.10% , manganese 0.50%, nickel 0.35%, silicon 5.50- 6.50%, titanium 0.25%, zinc 1.00% 
Location: Delivered Midwest 
Unit: US cents per lb
Quantity: 20 tons

Assessment: Aluminium alloy 356.1 

Quality: Copper 0.25%, iron 0.50%, magnesium 0.25-0.45%, manganese 0.50%, silicon 6.50- 7.50%, titanium 0.25%, zinc 0.35% 
Location: Delivered Midwest 
Unit: US cents per lb 
Quantity: 20 tons

Assessment: Aluminium alloy A360.1 
Quality: Copper 0.60%, iron 1.00%, magnesium 0.45-0.60%, manganese 0.35%, nickel 0.50%, silicon 9.0-10.0%, tin 0.15%, zinc 0.40% 
Location: Delivered Midwest 
Unit: US cents per lb
Quantity: 20 tons

Assessment: Aluminium alloy A413.1 
Quality: Copper 1.00%, iron 1.00%, magnesium 0.10%, manganese 0.35%, nickel 0.50%, silicon 11.0- 13.0%, tin 0.15%, zinc 0.40% 
Location: Delivered Midwest 
Unit: US cents per lb
Quantity: 20 tons

To provide feedback on these prices, or if you would like to provide price information by becoming a data submitter to the aluminium scrap and secondary aluminium alloy price assessments, please contact Sean Barry at pricing@fastmarkets.com. Please add the subject heading: FAO: Sean Barry re: aluminium scrap and alloy prices.

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

Editor's Note: This notice was updated on November 20 to correct the specification for old cast. 


 

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