NEW YORK Prices for most secondary aluminum scrap grades
fell April 4 as sources said unfavorable margins and weakening
terminal markets continued to present significant headwinds to
Were busy on the sales end and when the weather
starts to improve flow will get a little better, one
scrap buyer said. But were still struggling to
achieve proper margins.
Secondary smelters mixed low copper clips fell 2 cents to
73 to 75 cents per pound from 75 to 77 cents previously, mixed
high copper clips weakened to 73 to 74 cents per pound from 75
to 76 cents, mixed high zinc clips decreased to 68 to 69 cents
per pound from 69 to 70 cents, and painted siding and mixed
clips each moved to 71 to 73 cents per pound from 72 to 74
Aluminum-copper radiators also fell to $1.70 to $1.75 per pound
from $1.73 to $1.78.
Domestic aluminum producers used beverage can (UBC) scrap
prices eased to 75 to 76 cents per pound from 76 to 77 cents,
as one UBC buyer said that there is not a whole lot of
material moving at the moment.
The cash primary aluminum contract on the London Metal Exchange
ended the official session at $1,845 per tonne (83.7 cents per
pound) April 5, down 2.2 percent from $1,927 per tonne (87.4
cents per pound) a month earlier.
Meanwhile, prices for mill-grade aluminum scrap also weakened,
with sources telling AMM that price declines were
largely attributable to lower volumes and limited trading
Scrap isnt coming in and its not moving
out, one mill-grade buyer said. Were in a bit
of a standstill.
Prices for 5052 segregated low-copper alloy clips fell to 88 to
90 cents per pound from 89 to 91 cents, 3105 clips declined to
80 to 82 cents per pound from 81 to 83 cents, mill-grade mixed
low-copper alloy clips fell a penny to 78 to 80 cents per pound
from 79 to 81 cents, and painted siding narrowed to 74 to 76
cents per pound from 74 to 77 cents.
Secondary alloy tags have held steady, with market players
indicating that demand from the automotive sector was starting
Volume is really strong right now, one alloy
producer said. But it doesnt matter because
were working on super tight margins.
Most producers put A380.1 sales at $1.04 to $1.05 per pound,
with sources saying that attempts to sell at $1.06 were largely
All other major alloys were unchanged, with 319.1 at $1.09 to
$1.10 per pound, 356.1 at $1.11 to $1.12, and low-copper A360.1
and A413.1 alloys both at $1.11 to $1.12 per pound.
The LMEs cash North American special aluminum alloy
contract (Nasaac) closed the official session at $1,770 per
tonne (80.3 cents per pound) April 5. A day earlier, it sank to
its lowest level since November 2009, closing the official
session $1,760 per tonne (79.8 cents per pound).
Despite Nasaacs plunge, sources said there was limited
correlation between Nasaacs published price and the
secondary alloy market. People are basing quotes off of
the price of scrap, not Nasaac, one alloy producer said.
It just doesnt seem to carry as much weight as it