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Market Reports February 16, 2024 01:20:37 PM

Aluminum Scrap Prices: Weekly Market Report- February 16th, 2024

Paul Ploumis
ScrapMonster Author
The LME Aluminum Cash Settlement contract edged higher from $2,194.00 a day before to $2,205.00 per tonne.
Aluminum Scrap Prices: Weekly Market Report- February 16th, 2024

SEATTLE (Scrap Monster): The weekly price trends of scrap aluminium across worldwide markets for the most recent week (9th to 15th December, 2023) on the Scrap Monster Price Index are provided below:

North America Prices

The prices of a few commodities witnessed upward trend, while all other scrap varieties maintained previous week’s price levels.

Al/Cu Radiators/Fe recorded biggest surge in prices over the week, edging higher from $1.19 per Lb to $1.23 per Lb. The prices of Al/Cu Radiators and E.C. Aluminum Wire too recorded modest surge, rising by 2.86% and 1.01% respectively.

The chart provided below depicts the price movement in Al/Cu Radiators/Fe during the course of the week:

 

All the other scrap commodities’ prices held steady during the previous week.

USA East Coast Prices

Al/Cu Radiators/Fe prices recorded biggest increase over the week, registering 3.36% surge from $1.19 per Lb to $1.23 per Lb. A notable weekly increase by 2.86% and 1.01% was seen in Al/Cu Radiators and E.C. Aluminum Wire prices.

The scrap aluminium categories that recorded no change in prices include 6063 Extrusions, Aluminum Radiators, Litho Sheets, Painted Siding, 1100 Scrap, 3003 Scrap, 356 Aluminum Wheels (Clean), 5052 Scrap, 6061 Extrusions and 6063 Extrusions/Fe.

Also, Aluminum Radiators/Fe, Aluminum Transformers, Breakage 50% Recovery, Chrome Wheels, Mixed Aluminum Turnings, MLC Clips, Old Sheet, Old Cast, UBC and Zorba 90% NF prices remained flat upon comparison with the prior week.

 

USA Midwest Prices

The aluminium scrap prices in the region mostly remained unchanged over the previous week. The only three gainers were Al/Cu Radiators/Fe, Al/Cu Radiators and E.C. Aluminum Wire.

The Al/Cu Radiators/Fe prices ended the week at $1.21 per Lb, higher from the previous week price of $1.17 per Lb by 3.42%.

Also, the week witnessed uptrend in prices of Al/Cu Radiators and E.C. Aluminum Wire to $1.42 per Lb and $1.00 per Lb respectively.

The weekly price chart of Al/Cu Radiators is provided below:

 

 

USA West Coast Prices

The aluminium scrap metal prices in the region mostly remained flat, with prices of only three commodities exhibiting changes.

The scrap categories to increase the most was Al/Cu Radiators/Fe. The prices recorded week-on-week surge by 3.31% from $1.21 per Lb during the start of the week to end the weekat $1.25 per Lb.

Al/Cu Radiators prices recorded surge from $1.42 per Lb to $1.46 per Lb.

Also, E.C. Aluminum Wire prices surged higher by 1.01% over the previous week.

The below chart provides weekly price movement in E.C. Aluminum Wire:

 

Meantime, the prices of 6063 Extrusions, Aluminum Radiators, Litho Sheets, Painted Siding, 1100 Scrap, 3003 Scrap, 356 Aluminum Wheels (Clean), 5052 Scrap, 6061 Extrusions, 6063 Extrusions/Fe, Aluminum Radiators/Fe, Aluminum Transformers, Breakage 50% Recovery, Chrome Wheels, Mixed Aluminum Turnings, MLC Clips, Old Sheet, Old Cast, UBC and Zorba 90% NF witnessed no change from the prior week.

 

China Prices

The Chinese aluminum scrap prices witnessed no change over the week.

The Zorba 90% NF prices were unchanged at CNY 9,350 per MT when compared with the prior week.

The weekly price chart of Zorba 90% NF scrap is given below.

 

All other scrap, including 6063 Extrusions, Aluminum Radiators, Aluminum Ingots, E.C. Aluminum Wire, Aluminum Transformers, Old Cast, Old Sheet and UBC too remained flat on Index.

 

India Prices

The Aluminum utensil scrap prices remained unchanged at INR 191,000 per Ton during the week ended 15th February, 2024. Similarly, no change in prices was recorded in Aluminum ingots.

The weekly 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 2,226.00 per tonne as on 15th February, 2024. The LME Aluminum Cash Settlement contract edged higher from $2,194.00 a day before to $2,205.00 per tonne.

The LME Aluminum stocks increased over the previous day to close at 538,075 tonnes on 15th February, 2024, as compared with 525,100 tonnes on 14th February, 2024.

 

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