NEW YORK Mill-grade
aluminum scrap prices have risen in step with tags on the
London Metal Exchange, with market participants noting renewed
Prices for 5052 segregated low
copper alloy clips moved to 95 to 97 cents per pound from 94 to
96 cents previously, while 3105 clips rose to 84 to 86 cents
per pound from 83 to 85 cents.
Mill-grade mixed low copper
clips increased 2 cents to a range of 82 to 84 cents per pound
from 80 to 82 cents, while painted siding strengthened to 77 to
79 cents per pound from 76 to 78 cents.
"With the LME rising, mill
grades are ticking up nicely," one mill-grade scrap seller
said. "There seems to be plenty of demand right now."
The primary aluminum cash price
ended the LMEs official session at $2,042.50 per tonne
(92.7 cents per pound) Jan. 25, up 1.7 percent from $2,009 per
tonne (91.1 cents per pound) Jan. 22.
"The colder it gets, the higher
the prices go," a second seller of mill-grade scrap said. "But
that doesnt mean we are making (more) money than usual.
Lower temperatures cause a ton of extra work for us. We simply
cant have our people working outside right now."
Some secondary aluminum scrap
grades also saw increased market interest. Mixed low copper
clips rose to 77 to 79 cents per pound from 76 to 78 cents
previously, while mixed high copper clips tightened to 76 to 77
cents from 75 to 77 cents.
Mixed turnings increased by 1
cent to 65 to 67 cents per pound from 64 to 66 cents.
Used beverage cans (UBCs) also
strengthened by a penny to 77 to 79 cents per pound from 76 to
The cash North American special
aluminum alloy contract (Nasaac) followed primary aluminum
higher, ending at $1,866 per tonne (84.6 cents per pound) Jan.
25, up 1.4 percent from $1,840 per tonne (83.5 cents per pound)
Prices for A380.1, which
typically trend with Nasaac, were unchanged at $1.02 to $1.04
per pound, with some sellers indicating a slight rise in volume
over the past five days.
All other secondary aluminum
scrap grades also were unchanged.