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Market Reports March 17, 2023 02:35:31 PM

Scrap Aluminum Prices: Weekly Market Report -Mar. 17, 2023

Paul Ploumis
ScrapMonster Author
The LME Aluminum Cash Settlement contract edged lower marginally from $2,246.00 a day before to $2,237.50 per tonne.

Scrap Aluminum Prices: Weekly Market Report -Mar. 17, 2023

SEATTLE (Scrap Monster): The weekly price trends of scrap aluminium across worldwide markets for the past week (10th March to 16th March, 2023) on the Scrap Monster Price Index are provided below:

North America Prices

The prices witnessed downward trend.

Aluminum Transformers recorded biggest decline in prices by 5% over the week, edging down from $0.20 per Lb to $0.19 per Lb. The prices of Aluminum Radiators/Fe and Breakage 50% Recovery too recorded notable decline, falling by 4% and 3.23% respectively.

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

 

Meantime, E.C. Aluminum Wire, 356 Aluminum Wheels (Clean), 3003 Scrap, 1100 Scrap and MLC Clips recorded marginal decline in prices over the week.

USA East Coast Prices

Aluminum Transformers prices recorded biggest dip over the week, registering decline from $0.20 per Lb to $0.19 per Lb. A notable weekly decline by 4.00% and 3.23% was seen in Aluminum Radiators/Fe and Breakage 50% Recovery prices.

The prices of Aluminum Radiators were down by 2.63%. The prices of 6063 Extrusions dipped from $0.86 per Lb to $0.84 per Lb over the prior week, registering a decline of 2.33%. The other scrap category to witness modest decline was Mixed Aluminum Turnings, which saw its prices fall from $0.48 per Lb to $0.47 per Lb.

The scrap aluminium categories that recorded nominal decline in prices included E.C. Aluminum Wire, 356 Aluminum Wheels (Clean), 3003 Scrap, 1100 Scrap and MLC Clips.

 

USA Midwest Prices

The aluminium scrap prices in the region mostly edged lower over the previous week. The top three losers were Aluminum Transformers, Aluminum Radiators/Fe and Breakage 50% Recovery.

The weekly price chart of Aluminum Radiators/Fe Scrap is provided below:

The Aluminum Transformers prices ended the week at $0.18 per Lb, down from the previous week price of $0.19 per Lb. Also, the week witnessed dip in prices of Aluminum Radiators/Fe from $0.24 per Lb to $0.23 per Lb. The prices of Breakage 50% Recovery closed the week at $0.29 per Lb.

USA West Coast Prices

The aluminium scrap metal prices in the region remained weak, with prices of most categories recording week-on-week decline.

The scrap category to dip the most was Aluminum Transformers, whose prices recorded fall from $0.21 per Lb to $0.20 per Lb. It was followed by Aluminum Radiators/Fe and Breakage 50% Recovery, which recorded price declines by 3.85% and 3.13% respectively.

The prices of E.C. Aluminum Wire, Litho Sheets, 3003 Scrap, 1100 Scrap and MLC Clips ended the week with minor downward changes, over the week.

The below chart depicts weekly price movement in Litho Sheets:

 

China Prices

Aluminum Transformers and Aluminum Radiators prices dropped the most during the previous week.

Aluminum Transformers recorded a dip in price by CNY 100 per MT, from CNY 8,850 per MT during the start of the week to end the week at $8,750 per MT. 

Aluminum Radiators too reported a similar change in prices over the week, falling from CNY 9,250 per MT at the beginning of the week to CNY 9,150 per MT.

The weekly price chart of Aluminum Radiators scrap is given below.

 

All other scrap, including UBC, 6063 Extrusions, Aluminum Ingots, E.C. Aluminum Wire, Old Cast, Old Sheet and Zorba 90% NF continued to report decline on Index.

 

India Prices

The Aluminum ingots scrap prices held steady at INR 203,000 during the week ended 16th March, 2023. The prices of Aluminum utensil scrap too were flat on Index.

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) maintained the previous week price levels during the week.

 

LME Aluminum Market Update

Meantime, the closing price of LME Aluminum 3-Month contract stood at USD 2,287.00 per tonne as on 16th March, 2023. The LME Aluminum Cash Settlement contract edged lower marginally from $2,246.00 a day before to $2,237.50 per tonne.

The LME Aluminum stocks declined over the previous day to close at 530,550 tonnes on 16th March, 2023, as compared with 532,425 a day before.

 

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