Loading prices...

Register/Sign in
ScrapMonster
Sell Your Junk CarGet an instant quote for your car on ScrapMonster.com
Market Reports March 10, 2023 01:30:57 PM

Scrap Aluminum Prices: Weekly Market Report-10th March, 2023

Paul Ploumis
ScrapMonster Author
The LME Aluminum Cash Settlement contract surged higher marginally from $2,288.50 a day before to $2,291.00 per tonne.

Scrap Aluminum Prices: Weekly Market Report-10th March, 2023

SEATTLE (Scrap Monster): The weekly price trends of scrap aluminium across worldwide markets for the past week (3rd March to 9th March, 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 by 2% over the week, edging down from $0.50 per Lb to $0.49 per Lb. The prices of Al/Cu Radiators/Fe and E.C. Aluminum Wire too recorded notable decline, falling by 1.83% and 1.71% respectively.

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

 

Meantime, Breakage 50% Recovery, Aluminum Radiators, Aluminum Transformers and Aluminum Radiators/Fe recorded no change in prices over the week.

USA East Coast Prices

Mixed Aluminum Turnings prices recorded biggest dip over the week, registering decline from $0.50 per Lb to $0.49 per Lb. A notable weekly decline by 1.83% and 1.71% was seen in Al/Cu Radiators/Fe and E.C. Aluminum Wire prices.

The scrap aluminium categories that recorded nominal decline in prices included 5052 Scrap, 6063 Extrusions and Litho Sheets.

The prices of Breakage 50% Recovery, Aluminum Radiators, Aluminum Transformers and Aluminum Radiators/Fe remained unchanged 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, Al/Cu Radiators/Fe and E.C. Aluminum Wire.

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

The Mixed Aluminum Turnings prices ended the week at $0.49 per Lb, down from the previous week price of $0.50 per Lb. Also, the week witnessed dip in prices of Al/Cu Radiators/Fe from $1.62 per Lb to $1.59 per Lb. The prices of E.C. Aluminum Wire closed the week at $1.15 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 Mixed Aluminum Turnings, whose prices recorded fall from $0.50 per Lb to $0.49 per Lb. It was followed by Al/Cu Radiators/Fe and E.C. Aluminum Wire, which recorded price declines by 1.83% and 1.71% respectively.

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

 

The prices of 5052 Scrap, 6063 Extrusions and Litho Sheets ended the week with minor downward changes, over the week.

The prices of Breakage 50% Recovery, Aluminum Radiators, Aluminum Transformers and Aluminum Radiators/Fe were stagnant over the week.

China Prices

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

Old Cast recorded a dip in price by CNY 250 per MT, from CNY 16,300 per MT during the start of the week to end the week at $16,050 per MT. 

The weekly price chart of Old Cast scrap is given below.

 

Old Sheet too reported a similar change in prices over the week, as is evident from the below chart.

 

All other scrap, including Aluminum Radiators, Aluminum Transformers, UBC, 6063 Extrusions, Aluminum Ingots, E.C. Aluminum Wire and Zorba 90% NF continued to report decline 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 9th March, 2023. A similar decline by INR 5,000 per ton was recorded in Aluminum ingots prices over 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) 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 2,335.50 per tonne as on 9th March, 2023. The LME Aluminum Cash Settlement contract surged higher marginally from $2,288.50 a day before to $2,291.00 per tonne.

The LME Aluminum stocks declined over the previous day to close at 551,175 tonnes on 9th March, 2023, as compared with 554,300 a day before.

 

Subscribe to Scrap Monster Live Scrap Prices

×

Quick Search

Advanced Search