June 2013

Secondary aluminium prices up in Europe on Oetinger news

The news of Oetinger’s insolvency has led to a rise in ingot prices in the European secondary aluminium market.

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

The following MB non-ferrous European free market scrap prices changed on Friday:

DAILY SCRAP REPORT: Index rises on fresh trades

The Metal Bulletin daily scrap index for HMS 1&2 (80:20) material imported into Turkey continued to rise after fresh trades were heard on Friday June 28.

DAILY SCRAP REPORT: Fresh trades at higher prices as Turkey continues bookings

The Metal Bulletin daily scrap index for HMS 1&2 (80:20) material imported into Turkey continued to rise, after fresh trades were heard on Thursday June 27.

Indian rupee devaluation hits Middle Eastern non-ferrous scrap flows

The weakening of the Indian rupee against the dollar in recent weeks, combined with increased Indian import duties, has led to a sharp reduction in scrap flows to the Asian country, according to one Middle Eastern recycler.

Aerospace aluminium demand ‘set to slow’

Aerospace demand for aluminium will grow at a significantly slower rate than for other major materials during the coming decade, as production of composite-heavy twin-aisle airliners ramps up, an aircraft industry analyst said during Metal Bulletin sister publication AMM’s Aluminum Summit last week.

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES

The following MB UK non-ferrous scrap and foundry ingot prices changed on Wednesday:

US stainless steel scrap prices slide on lack of demand

US stainless steel scrap prices have fallen this week, with plunging nickel markets and reportedly non-existent demand putting more downward pressure on buying prices.

DAILY SCRAP REPORT: Turkish import prices confirmed by fresh trade

The Metal Bulletin daily scrap index for HMS 1&2 (80:20) material closed at $346.78 per tonne on Wednesday June 26, slipping by just $0.08 per tonne day-on-day.

UK aluminium scrap prices tick down; market speculates on Oetinger

Aluminium scrap prices in the UK ticked down slightly on Wednesday June 26, driven by negative sentiment and by falling aluminium prices on the London Metal Exchange.