July 2012

Nasaac availability weighs on spot aluminium alloy pricing

Free-market secondary aluminium alloy prices were stable on Monday, with the steady release of North American special aluminium alloy contract (Nasaac) material from London Metal Exchange warehouses keeping a lid on the market, according to traders.

Coca-Cola to hike UBC buying by 50%

Coca-Cola Recycling is seeking to boost its used beverage can (UBC) scrap purchasing by at least 50% in 2013, leading some traders to forecast further price increases as competition for UBCs mounts, even as others expect to see no change as a result.

Nikkei signs joint venture for Indian aluminium alloy plant

Japan’s Nikkei MC Aluminium (NMA) and India’s Century Metals Recycling have signed a joint venture agreement to build a 42,000-tpy secondary aluminium alloy plant in Haryana, India.

Aluminium wheel prices holding above LME in North America

Secondary aluminium wheels refuse to budge from a free-market price point well above the cost of primary aluminium on the London Metal Exchange, with strong competition for the item keeping prices high in North America.

European secondary Al prices hold fast in slow market

European secondary aluminium prices stayed flat on Friday July 27, with just enough business available to hold prices at last week’s level.

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES

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

Twitch prices fall despite tight supply in North America

Twitch prices in North America have dropped a penny despite a tightness in supply of shredded auto scrap forcing one producer to cancel shipments, while aluminium scrap traders continue to report quiet market activity as London Metal Exchange prices remain in a lull.

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES

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

UK secondary aluminium inches higher as contracts take lion's share

UK secondary aluminium ingot prices edged higher on Wednesday July 25, with most of the material from producers earmarked for contracted tonnages that have beaten expectations for the traditionally slow summer period.

DAILY SCRAP REPORT: High US offers scare off mill buyers

Metal Bulletin’s cfr Iskenderun daily ferrous scrap index rose slightly to $377.26 per tonne on an HMS 1&2 (80:20) basis on Monday July 23, from $377.01 on Friday.