ST. LOUIS Some
free-market aluminum scrap prices rose Feb. 11 as buyers
continued to compete for adequate supplies of scrap.
Prices for mill-grade 5052
segregated low-copper alloy clips increased to a range of 97 to
99 cents per pound from 96 to 98 cents Feb. 7, while 3105 clips
rose to 86 to 88 cents per pound from 85 to 87 cents
Mill-grade mixed low-copper
alloy clips also strengthened to 84 to 86 cents per pound from
83 to 85 cents, while painted siding rose 1 cent to 79 to 81
cents per pound from 78 to 80 cents previously.
"Scrap seems to be getting
tighter and tighter," one buyer of mill-grade material said. "I
think we will see prices continue to increase, especially if
the (London Metal Exchange) stays up."
"Everything is following the LME
right now," a seller of mill-grade product said. "Plus, because
of colder weather we are not seeing a whole lot of peddler
scrap coming in right now. Its a very lean environment
for good scrap."
The cash primary aluminum
contract on the LME ended the official session at $2,076 per
tonne (94.2 cents per pound) Feb. 11, up 0.5 percent from
$2,066.50 per tonne (93.7 cents per pound) Feb. 7. However, the
contract lost ground Feb. 12 to end the session at $2,059.50
per tonne (93.4 cents per pound).
Some secondary smelters
grades also rose Feb. 11, sources told AMM.
Old cast strengthened to 75 to
77 cents per pound from 74 to 76 cents Feb. 7, although old
sheet held steady at 73 to 75 cents per pound.
High-grade turnings were up a
penny to 73 to 75 cents per pound from 72 to 74 cents, while
mixed turnings moved to 67 to 68 cents per pound from 66 to 67
Used beverage cans (UBCs) held
steady at 79 to 80 cents per pound Feb. 11.
The cash North American special
aluminum alloy contract (Nasaac) closed the LMEs official
session at $1,910 per tonne ($86.6 cents per pound) Feb. 12, up
0.2 percent from $1,905.50 per tonne (86.4 cents per pound) a
day earlier and nearly 1.3 percent above $1,885.50 per tonne
(85.5 cents per pound) Feb. 7.
Gains in some secondary aluminum
alloy grades were due to stronger demand from the automotive
sector, sources said.
Prices for A380.1 rose a penny
to $1.04 to $1.05 per pound from $1.03 to $1.04 per pound
"With scrap tighter and demand
slightly higher, smelters are starting to get a backbone. ... I
think we will see prices head toward $1.06 by the end of
February," one A380.1 seller said.
"Car sales were really good in
January," a second A380.1 seller said. "We have been very busy
over the past month. If people keep buying cars, my business
will continue to grow."
Prices for 319.1 edged up to
$1.08 to $1.10 per pound from $1.07 to $1.09 per pound, while
356.1 strengthened to $1.10 to $1.11 per pound from $1.09 to
All other secondary grades were