US Shredded Scrap prices remain flat; Aluminum scrap prices stay stable

Published: Sep 6, 2015 10:13
United States shredded scrap prices remained flat during the week ended August 21, while US aluminum scrap prices on Scrap Register Price Index stayed stable.

UNITED STATES September 03 2015 6:12 PM

NEW YORK (Scrap Register): United States shredded scrap prices remained flat during the week ended August 21, while US aluminum scrap prices on Scrap Register Price Index stayed stable.

According to TSI, US Midwest shredded index remained flat at $238 a long ton (delivered mill) the week. 

For Live US Scrap Aluminium Prices Log on to Scrap Register

US participants will be watching export activity closely with regards to whether the Yuan has an impact on material heading out of both east and west coasts.

As per Scrap Register Price Index, United States aluminum scrap commodities also showed a flat trend during last week. 

The scrap prices of 356 Auto Wheels, 5052 Alum Clip, 6061 Alum Extrusion, 6063 10-10 Extrusion, Al/Cu Rad with Iron, Al/Cu Radiator, Alum Breakage 50%, Alum Litho Sheets, Alum Old Sheet traded almost flat during last week.

(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)


Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
One and One Green Expands into E-Scrap Copper Recycling
39 mins ago
One and One Green Expands into E-Scrap Copper Recycling
Read More
One and One Green Expands into E-Scrap Copper Recycling
One and One Green Expands into E-Scrap Copper Recycling
One and One Green Technologies is expanding into the e-waste recycling market in Metro Manila. The company processes electronic scrap and industrial waste into copper alloy ingots and other products. Analysts see Southeast Asia emerging as a key growth region for recycled copper supply.
39 mins ago
Nexans Builds Large Copper Recycling Hub to Boost Secondary Supply
41 mins ago
Nexans Builds Large Copper Recycling Hub to Boost Secondary Supply
Read More
Nexans Builds Large Copper Recycling Hub to Boost Secondary Supply
Nexans Builds Large Copper Recycling Hub to Boost Secondary Supply
Nexans is developing a large copper recycling center capable of processing up to 80,000 tonnes of scrap annually. The project aims to reduce reliance on primary copper and improve supply resilience. The company highlighted recycled copper as a strategic resource amid tightening global supply.
41 mins ago
BHP Submits Chile Copper Ore Expansion Plan; LME Copper and SHFE Copper Both Closed Lower Overnight [SMM Copper Morning Meeting Summary]
50 mins ago
BHP Submits Chile Copper Ore Expansion Plan; LME Copper and SHFE Copper Both Closed Lower Overnight [SMM Copper Morning Meeting Summary]
Read More
BHP Submits Chile Copper Ore Expansion Plan; LME Copper and SHFE Copper Both Closed Lower Overnight [SMM Copper Morning Meeting Summary]
BHP Submits Chile Copper Ore Expansion Plan; LME Copper and SHFE Copper Both Closed Lower Overnight [SMM Copper Morning Meeting Summary]
SMM Morning Meeting Summary: Overnight, LME copper opened at $12,724.5/mt. In early trading, it fluctuated upward to a high of $12,829.5/mt, after which the center of copper prices shifted straight downward to a low of $12,721/mt. It then fluctuated upward in a pullback and finally closed at $12,780/mt, down 1.07%. Trading volume reached 17,000 lots, and open interest stood at 293,000 lots, down 8,255 lots from the previous trading day, mainly due to longs reducing positions. Overnight, the most-traded SHFE copper 2604 contract opened at 99,120 yuan/mt. In early trading, it rose to 99,530 yuan/mt, then fluctuated downward all the way to a low of 98,900 yuan/mt. Afterwards, the center of copper prices moved upward and finally closed at 99,140 yuan/mt, down 0.92%. Trading volume reached 27,700 lots, and open interest stood at 177,000 lots, down 1,993 lots from the previous trading day, mainly due to longs reducing positions.
50 mins ago
US Shredded Scrap prices remain flat; Aluminum scrap prices stay stable - Shanghai Metals Market (SMM)