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Market Reports March 31, 2023 04:10:09 PM

Weekly Market Report: Aluminum Scrap Prices-Mar. 31, 2023

Paul Ploumis
ScrapMonster Author
Meantime, the closing price of LME Aluminum 3-Month contract stood at USD 2,388.00 per tonne as on 30th March, 2023.

Weekly Market Report: Aluminum Scrap Prices-Mar. 31, 2023

SEATTLE (Scrap Monster): The weekly trend in aluminium scrap prices across worldwide markets for the past one-week period (24th to 30th March, 2023) on the Scrap Monster Price Index are provided below:

North America Prices

The prices witnessed notable increase over the prior week.

The prices of Mixed Aluminum Turnings, 6063 Extrusions/Fe and 6061 Extrusions surged the most.

The Mixed Aluminum Turnings prices recorded an increase by 4.17% over the previous week. The prices edged higher by $0.02 per Lb to close at $0.50 per Lb on Index. The chart below represents the price movement in Mixed Aluminum Turnings during the past week:

The prices of 6063 Extrusions/Fe and 6061 Extrusions too witnessed notable surge, with prices going higher by 3.08% and 2.94% respectively.

Certain scrap varieties such as Aluminum Radiators, Al/Cu Radiators, Al/Cu Radiators/Fe, Aluminum Radiators/Fe Aluminum Transformers and Breakage 50% Recovery witnessed no change in prices over the prior week.

 

USA East Coast Prices

The regional scrap aluminum prices edged higher when compared with the prior week. The top three gainers were Mixed Aluminum Turnings, 6063 Extrusions/Fe and 6061 Extrusions.

The prices of 5052 Scrap and E.C. Aluminum Wire recorded nominal surge in prices, rising by 2% and 1.75% respectively. 

USA Midwest Prices

The prices reported significant increase when compared with the week before.

6063 Extrusions/Fe prices surged from $0.64 per Lb from the beginning of the week to close at $0.66 per Lb.

The 6061 Extrusions prices witnessed 2.99% weekly surge, witnessing a rise from $0.67 per Lb to $0.69 per Lb during the week ended 30th March, 2023.

The chart given below depicts the weekly price movement in 6061 Extrusions:

The other scrap categories to record notable surge in prices were Zorba 90%, Chrome Wheels, Old Cast, Ols Sheet and Painted Siding.

USA West Coast Prices

The regional prices of all scrap aluminum categories, except Aluminum Radiators, Al/Cu Radiators, Al/Cu Radiators/Fe, Aluminum Radiators/Fe Aluminum Transformers and Breakage 50% Recovery posted week-on-week surge.

Please find below the weekly price variation in Breakage 50% Recovery.

China Prices

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

Both the above two scrap categories saw their prices surge by CNY 200 per MT over the prior week, translating to a week-on-week surge of 1.25%.

The weekly price chart for Old Cast is provided below:

 

Also, the below chart depicts weekly price movement in Old Sheet.

The 6063 Extrusions prices edged higher by 1.24%, whereas the prices of E.C. Aluminum Wire were up by 1.16%.

India Prices

The Aluminum utensil scrap prices edged higher from INR 195,000 per ton during the start of the week to INR 199,000 per ton on 30th March, 2023. A similar increase by INR 4,000 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) remained flat during the week.

 

LME Aluminum Market Update

Meantime, the closing price of LME Aluminum 3-Month contract stood at USD 2,388.00 per tonne as on 30th March, 2023. The LME Aluminum Cash Settlement contract edged lower from $2,366.00 a day before to $2,344.00 per tonne.

The LME Aluminum stocks declined over the previous day to close at 525,275 tonnes on 30th March, 2023, as compared with 529,175 a day before.

 

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