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Price notice: NF city scrap November update

Nov 25, 2019 | 01:01 PM | New York | Sean Barry

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


Following a one-month consultation period, Fastmarkets AMM will change the assessment frequency of its non-ferrous city scrap dealer buying prices.

Market feedback received confirmed that monthly pricing on the 1st of each month - rather than twice monthly on the 1st and 15th of each month - would be more reflective of market movements and ensure price robustness while maintaining the best products for Fastmarkets’ customers.

The adjustment to the assessment frequency will take place on January 2, 2020, along with other proposed changes to this price series, and will apply to the following non-ferrous city scrap dealer buying prices:

Copper Scrap

Assessment: No1 heavy copper and wire 
Quality: Shall consist of clean, untinned, uncoated, unalloyed copper wire and cable, not smaller than No16 B & S wire gauge, free of burnt wire which is brittle. Hydraulically briquetted copper subject to agreement. 
Location: US/Canada, specified city, delivered to yard 
Unit: US cents per lb (Canadian cities prices are in local currency)
ISRI code: Berry 

Assessment: No2 heavy copper and wire 

Quality: Shall consist of miscellaneous, unalloyed copper wire having a nominal 96% copper content (min. 94%) as determined by electrolytic assay. Should be free of the following: Excessively leaded, tinned, soldered copper wire; brass and bronze wire; excessive oil content, iron, and non-metallics; copper wire from burning, containing insulation; hair wire; burnt wire which is brittle; and should be reasonably free of ash. Hydraulically briquetted copper subject to agreement. 
Location: US/Canada, specified city, delivered to yard 
Unit: US cents per lb (Canadian cities prices are in local currency) 
ISRI code: Birch

Assessment: Light copper 
Quality: Shall consist of miscellaneous, unalloyed copper scrap having a nominal 92% copper content (min. 88%) as determined by electrolytic assay and shall consist of sheet copper, gutters, downspouts, kettles, boilers, and similar scrap. Should be free of the following: Burnt hair wire; copper clad; plating racks; grindings; copper wire from burning, containing insulation; radiators and fire extinguishers; refrigerator units; electrotype shells; screening; excessively leaded, tinned, soldered scrap; brasses and bronzes; excessive oil, iron and non-metallics; and should be reasonably free of ash. Hydraulically briquetted copper subject to agreement. Any items excluded in this grade are also excluded in the higher grades above. 
Location: US/Canada, specified city, delivered to yard 
Unit: US cents per lb (Canadian cities prices are in local currency) 
ISRI code: Dream 

Assessment: Red brass solids 

Quality: Shall consist of red brass scrap, valves, machinery bearings and other machinery parts, including miscellaneous castings made of copper, tin, zinc, and/or lead. Shall be free of semi-red brass castings (78% to 81% copper); railroad car boxes and other similar high-lead alloys; cocks and faucets; closed water meters; gates; pot pieces; ingots and burned brass; aluminium, silicon, and manganese bronzes; iron and non-metallics. No piece to measure more than 12 inches over any one part or weigh over 100 pounds. Heavier pieces acceptable upon mutual agreement between buyer and seller. 
Location: US/Canada, specified city, delivered to yard 
Unit: US cents per lb (Canadian cities prices are in local currency) 
ISRI code: Ebony

Assessment: Red brass turnings, borings 
Quality: Shall consist of turnings from red brass composition material and should 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) 

Assessment: Yellow brass solids 
Quality: Shall consist of mixed yellow brass solids, including brass castings, rolled brass, rod brass, tubing and miscellaneous yellow brasses, including plated brass. Must be free of manganese-bronze, aluminium bronze, unsweated radiators or radiator parts, iron, and excessively dirty and corroded materials. Must also be free of any type of munitions including, but not limited to, bullet casings. 
Location: US/Canada, specified city, delivered to yard 
Unit: US cents per lb (Canadian cities prices are in local currency) 
ISRI code: Honey 

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) 
ISRI code: Nomad

Assessment: 70-30 brass clips 
Quality: Shall consist of the cuttings of new unleaded yellow brass sheet or plate, to be clean and free from foreign substances and not to contain more than 10% of clean brass punching under ¼ inch. To be free of Muntz metal and naval brass. 
Location: US/Canada, specified city, delivered to yard 
Unit: US cents per lb (Canadian cities prices are in local currency) 
ISRI code: Label

Assessment: Auto radiators (unsweated) 
Quality: Shall consist of mixed automobile radiators, to be free of aluminium radiators, and iron-finned radiators. All radiators to be subject to deduction of actual iron. The tonnage specification should cover the gross weight of the radiators, unless otherwise specified. 
Location: US/Canada, specified city, delivered to yard 
Unit: US cents per lb (Canadian cities prices are in local currency) 
ISRI code: Ocean

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 .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: US/Canada, specified city, delivered to yard 
Unit: US cents per lb (Canadian cities prices are in local currency) 
ISRI code: Tooth 

Assessment: Mixed low-copper alloy 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/Canada, specified city, delivered to yard 
Unit: US cents per lb (Canadian cities prices are in local currency) 
ISRI code: Taboo

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/Canada, specified city, delivered to yard 
Unit: US cents per lb (Canadian cities prices are in local currency) 

Assessment: Aluminium borings, turnings, clean and dry 
Quality: 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/Canada, specified city, delivered to yard 
Unit: US cents per lb (Canadian cities prices are in local currency) 
ISRI code: Telic

Assessment: Old aluminium, sheet and cast 

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) 
ISRI code: Taint/Tabor

Assessment: Used beverage cans, clean and dry 

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 inch to 52 inch (76 to 132 cm) by 40 inch to 84 inch(102 to 213 cm). The only acceptable tying method shall be as follows: four to six 5/8 inch (1.6 cm) x .020 inch (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: US/Canada, specified city, delivered to yard 
Unit: US cents per lb (Canadian cities prices are in local currency) 
ISRI code: Taldon

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) 
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) 
ISRI code: Tough

Assessment: Painted aluminium siding 
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/Canada, specified city, delivered to yard 
Unit: US cents per lb (Canadian cities prices are in local currency) 
ISRI code: Tale

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) 
ISRI code: Tablet

Lead Scrap

Assessment: Heavy soft lead 
Quality: Shall consist of clean soft scrap lead, free of other materials such as drosses, battery plates, lead covered cable, hard lead, collapsible tubes, foil, type metals, aluminium, zinc, 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) 
ISRI code: Racks

Assessment: Undrained, whole old batteries 
Quality: Consisting of SLI (starting, lighting & ignition), automotive, truck, 8-D and commercial golf cart and marine-type batteries. Cases to be either plastic or rubber and to be complete. Non-lead (i.e., ni-cad, ni-fe, carbonaire, etc.) not acceptable. Other types i.e. aircraft (aluminium) gel-cel, lawnmower, etc., and partial, cracked or broken batteries or batteries without caps and the amount of liquid content and any variations to the specification subject to special agreement. 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) 
ISRI code: Rink

Zinc Scrap 

Assessment: Old zinc scrap 

Quality: Shall consist of clean dry scrap zinc, such as sheets, jar lids, clean unalloyed castings and anti-corrosion plates. Borings and turnings are not acceptable. Material must not be excessively corroded or oxidized. 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) 
ISRI code: Score

The frequency change follows an earlier consultation and decision to consolidate the city scrap dealer buying price assessments for copper, aluminium, lead and zinc scrap in the United States and Canada.

To provide feedback on these prices, 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 pricing@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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