Aluminum Scrap Prices: Weekly Market Report- March 22nd, 2024

SEATTLE (Scrap Monster): The weekly price trends of scrap aluminium across worldwide markets for the past week (15^th March, 2024 to 21^st March, 2024) on the Scrap Monster Price Index are provided below:

North America Prices

The prices witnessed no change over the prior week.

6063 Extrusions, Al/Cu Radiators/Fe, UBC, Old Sheet, Old Cast and MLC Clips prices held steady over the week.

The prices of Mixed Aluminum Turnings, Chrome Wheels, Breakage 50% Recovery, Aluminum Transformers, Aluminum Radiators/Fe and Al/Cu Radiators too were flat on Index.

The other scrap categories that recorded no change in prices included 6063 Extrusions/Fe, 6061 Extrusions, 5052 Scrap, 356 Aluminum Wheels(Clean), 3003 Scrap, 1100 Scrap, Painted Siding, Litho Sheets, E.C.Aluminum Wire and Zorba 90% NF.

The chart below represents the price movement in E.C. Aluminum Wire during the course of the week:

USA East Coast Prices

The regional scrap aluminum prices witnessed no change when compared with the prior week.

USA Midwest Prices

The prices remained steady when compared with the week before.

6063 Extrusions, Al/Cu Radiators/Fe, UBC, Old Sheet, Old Cast and MLC Clips prices witnessed no change over the week.

The prices of Mixed Aluminum Turnings, Chrome Wheels, Breakage 50% Recovery, Aluminum Transformers, Aluminum Radiators/Fe, Al/Cu Radiators and Aluminum Radiators too held steady on Index.

The weekly price chart of Aluminum Transformers is provided below:

The U.S. Midwest region recorded no change in prices for 6063 Extrusions/Fe, 6061 Extrusions, 5052 Scrap, 356 Aluminum Wheels(Clean), 3003 Scrap, 1100 Scrap, Painted Siding, Litho Sheets, E.C.Aluminum Wire and Zorba 90% NF during the week ended 21st March, 2024.

USA West Coast Prices

The scrap aluminum prices in the region posted no week-on-week variation. All categories of scrap maintained previous week’s price levels.

The below chart depicts the weekly price variation in Mixed Aluminum Turnings.

China Prices

Old Cast and Old Sheet prices surged the most during the previous week.

The above two scrap categories saw their prices soar by CNY 250 per MT over the prior week. The week-on-week surge in Old Cast and Old Sheet stood at 1.50% each. Meantime, 6063 Extrusions inched higher by 1.48% over the week.

E.C. Aluminum Wire witnessed a weekly increase in prices by 1.38%.

The rest of the scrap, including Aluminum Ingots, Aluminum Radiators, Aluminum Transformers, UBC, and Zorba 90% NF too recorded increase over the week.

The weekly price chart of Aluminum ingots, which registered week-on-week decline by 1.37% over the week, is provided below.

India Prices

The Aluminum utensil scrap prices witnessed no change in prices. The prices held on to INR 195,000 per Ton during the previous week.

Similarly, Aluminum ingots held steady on Index, remaining unchanged at INR 204,000 per Ton during the week.

The price chart of Aluminum utensil scrap is as follows:  

Europe Prices

The prices of all aluminium scrap categories (Aluminum Cuttings, Mixed Aluminum Turnings, Old Cast and UBC) remained flat during the week.

LME Aluminum Market Update

Meantime, the closing price of LME Aluminum 3-Month contract stood at USD 2,312.00 per tonne as on 21^st March, 2024. The LME Aluminum Cash Settlement contract surged higher from $2,231.50 a day before to $2,264.00 per tonne.

The LME Aluminum stocks declined over the previous day to close at 564,050 tonnes on 21st March, 2024, as compared with 566,325 a day before.

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