Weekly Report: Aluminum Scrap Prices - 6th October, 2023
The LME Aluminum stocks declined over the previous day to close at 500,850 tonnes on 5th October, 2023.
SEATTLE (Scrap Monster): The weekly price trends of scrap aluminium across worldwide markets for the past week (29th September, 2023 to 5th October, 2023) on the Scrap Monster Price Index are provided below:
North America Prices
The prices witnessed downward trend.
Mixed Aluminum Turnings recorded biggest decline in prices over the week, edging down from $0.45 per Lb to $0.43 per Lb. The prices of E.C Aluminum Wire and 6063 Extrusions/Fe too recorded modest decline, falling by 3.88% and 3.28% respectively.
The chart provided below depicts the price movement in Mixed Aluminum Turnings during the course of the week:
Meantime, 5052 Scrap, 6063 Extrusions, Litho Sheets and MLC Clips recorded marginal decline in prices over the week.
USA East Coast Prices
Mixed Aluminum Turnings prices recorded biggest dip over the week, registering 4.44% decline from $0.45 per Lb to $0.43 per Lb. A notable weekly decline by 3.88% and 3.28% was seen in E.C. Aluminum Wire and 6063 Extrusions/Fe prices.
The scrap aluminium categories that recorded nominal decline in prices included 5052 Scrap, 6063 Extrusions, Litho Sheets and MLC Clips.
Meantime, prices of Aluminum Radiators, Al/Cu Radiators, Al/Cu Radiators/Fe, Aluminum Radiators/Fe, Aluminum Transformers and Breakage 50% Recovery prices held steady on Index.
USA Midwest Prices
The aluminium scrap prices in the region mostly edged lower over the previous week. The top three losers were Mixed Aluminum Turnings, E.C. Aluminum Wire and 6063 Extrusions/Fe.
The Mixed Aluminum Turnings prices ended the week at $0.43 per Lb, down from the previous week price of $0.45 per Lb.
Also, the week witnessed dip in prices of E.C. Aluminum Wire and 6063 Extrusions/Fe to $0.99 per Lb and $0.58 per Lb respectively.
The weekly price chart of E.C. Aluminum Wire is provided below:
USA West Coast Prices
The aluminium scrap metal prices in the region remained weak, with prices of all categories recording week-on-week decline.
The scrap category to dip the most was Mixed Aluminum Turnings, whose prices recorded fall from $0.45 per Lb to $0.43 per Lb. It was followed by E.C. Aluminum Wire and 6063 Extrusions/Fe, which recorded price declines by 3.88% and 3.23% respectively.
Meantime, prices of 5052 Scrap, 6063 Extrusions, Litho Sheets and MLC Clips ended the week with minor downward changes, over the week.
The below chart provides weekly price movement in MLC Clips:
China Prices
The Chinese aluminum scrap prices witnessed no change over the week.
The Old Cast scrap saw its prices steady at CNY 17,250 per MT during the week.
The weekly price chart of Old Cast scrap is given below.
Old Sheet prices too held steady over the prior week, as depicted in the below chart:
All other scrap, including 6063 Extrusions, Aluminum Ingots, E.C. Aluminum Wire, Zorba 90% NF, UBC, Aluminum Transformers and Aluminum Radiators were unmoved on Index.
India Prices
The Aluminum utensil scrap prices edged lower from INR 202,000 per ton during the start of the week to INR 197,000 per ton on 5th October, 2023. A similar fall by INR 5,000 per ton was recorded in Aluminum ingots prices over the week.
The price chart of Aluminum ingots scrap is as follows:
Europe Prices
The prices of all aluminium scrap categories (Aluminum Cuttings, Mixed Aluminum Turnings, Old Cast and UBC) held steady during the week.
LME Aluminum Market Update
Meantime, the closing price of LME Aluminum 3-Month contract stood at USD 2,233.00 per tonne as on 5th October, 2023. The LME Aluminum Cash Settlement contract edged lower from $2,231.00 a day before to $2,195.50 per tonne.
The LME Aluminum stocks declined over the previous day to close at 500,850 tonnes on 5th October, 2023, as compared with 502,850 tonnes on 4th October, 2023.
Scrap Metal Prices
| Copper Scrap | ||
| Alternator | 0.42 | $US/Lb |
| #1 Copper Bare Bright | 4.39 | $US/Lb |
| Aluminum Scrap | ||
| 356 Aluminum Wheels (Clean) | 0.83 | $US/Lb |
| 6061 Extrusions | 0.73 | $US/Lb |
| Steel Scrap | ||
| #1 Bundle | 360.00 | $US/MT |
| #1 Busheling | 380.00 | $US/MT |
| Electronics Scrap | ||