Aluminum Scrap Prices: Weekly Market Report- June 21st, 2024

SEATTLE (Scrap Monster): The weekly price trends of scrap aluminium across worldwide markets for the past week (14^th June to 20^th June, 2024) on the Scrap Monster Price Index are provided below:

North America Prices

The prices witnessed downward trend.

Aluminum Transformers recorded the biggest decline in prices, falling by 4.55% over the week, edging down from $0.22 per Lb to $0.21 per Lb. The prices of Aluminum Radiators/Fe and Breakage 50% Recovery too recorded modest decline, falling by 4.17% and 2.78% respectively.

The chart provided below depicts the price movement in Aluminum Transformers during the course of the week:

Meantime, Aluminum Radiators, Mixed Aluminum Turnings, 6063 Extrusions/Fe, 6061 Extrusions and Zorba 90% NF prices too registered modest week-on-week decline on ScrapMonster Index during the week ended 20^th June, 2024.

All other aluminum scrap categories too recorded decline over the previous week.

USA East Coast Prices

Aluminum Transformers prices recorded biggest dip over the week, registering decline from $0.22 per Lb to $0.21 per Lb. A notable weekly decline by 4.17% and 2.78% was seen in Aluminum Radiators/Fe and Breakage 50% Recovery prices.

The remaining scrap aluminium categories, including 6063 Extrusions, Aluminum Radiators, E.C. Aluminum Wire, Litho Sheets, Painted Siding, 1100 Scrap, 3003 Scrap, 356 Aluminum Wheels (Clean), 5052 Scrap, 6061 Extrusions, 6063 Extrusions/Fe, Chrome Wheels, Mixed Aluminum Turnings, MLC Clips, Old Cast, Old Sheet, UBC, Zorba 90% NF, Al/Cu Radiators, Al/Cu Radiators/Fe too recorded dip in prices upon comparison with the previous week.

USA Midwest Prices

The aluminium scrap prices in the region edged lower over the previous week.

The top three losers were Aluminum Transformers, Aluminum Radiators/Fe and Breakage 50% Recovery.

The Aluminum Transformers prices ended the week at $0.20 per Lb, down from the previous week price of $0.21 per Lb. Also, the week witnessed dip in prices of Aluminum Radiators/Fe and Breakage 50% Recovery to $0.22 per Lb and $0.34 per Lb respectively.

The chart provided below depicts the weekly price trend in Aluminum Radiators/Fe:

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 Aluminum Transformers, whose prices recorded fall from $0.23 per Lb to $0.22 per Lb. It was followed by Aluminum Radiators/Fe and Breakage 50% Recovery, which recorded price declines by 4% and 2.7% respectively.

Please find below the price movement in Breakage 50% Recovery over the previous week:

The prices of Aluminum Radiators, Mixed Aluminum Turnings, 6063 Extrusions/Fe, 6061 Extrusions and Zorba 90% NF ended the week with modest downward changes, over the week.

Meantime, the prices of all other commodities witnessed marginal declines over the prior week.

China Prices

The Chinese aluminum scrap prices recorded mixed trend on Index during the previous week.

The prices of a few commodities increased, whereas those of others registered decline.

Old Cast and Old Sheet prices increased the most. The prices of both these categories of copper scrap recorded week-on-week surge by 0.28%.

6063 Extrusions saw its prices edge higher from CNY 18,250 per MT to CNY 18,300 per MT during the week. E.C. Aluminum Wire prices too rose on Index.

The least surge in prices was recorded by Aluminum ingots, whose prices were up by 0.24% on a weekly basis. The chart provided below gives the detailed weekly price movement in Aluminum ingots during the week ended June 20^th, 2024.

Meantime, the prices of Aluminum Radiators, Aluminum Transformers, UBC and Zorba 90% NF increased when compared with the prior week.

India Prices

The Aluminum utensil scrap prices recorded decline by 0.45%, falling to INR 223,000 per Ton during the week ended 20^th June, 2024.

The weekly price chart of Aluminum utensil scrap is as follows:  

The prices of Aluminum ingots too were down during the week.

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 2,509.00 per tonne as on 20^th June, 2024. The LME Aluminum Cash Settlement contract edged higher marginally from $2,445 per tonne a day before to $2,461 per tonne.

The LME Aluminum stocks declined over the previous day to close at 1,061,000 tonnes on 20th June, 2024, as compared with 1,066,575 tonnes on 19^th June, 2024.

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