US aluminium scrap prices pressured by drop on LME

Prices for some aluminium scrap grades have continued to move lower, particularly the mill grades, due to a decrease in primary metal on the London Metal Exchange, sources said on Monday August 5.

“I would say prices have dropped a penny or two below [for mill grades]. I do think that smelter prices are dropping again also,” one aluminium scrap seller said. “I don’t know that we have seen a bottom here; we hear a lot of chatter about a bottom but things seem to keep dropping.” Fastmarkets assessment for aluminium scrap segregated low copper alloy clips 5052, mills specialty consumers’ buying price, fob shipping point US, fell...

Published

Elizabeth Ramanand

August 06, 2019

23:31 GMT

New York