North American Aluminum scrap prices declined on Index 28th Oct, 2015

Published: Oct 29, 2015 18:20
The daily North American aluminum scrap prices dropped on Wednesday, 28th October.

By Paul Ploumis (ScrapMonster Author)
October 29, 2015 05:39:21 AM
The daily North American aluminum scrap prices dropped on Wednesday, 28th October.28th Oct, 2015: North American Aluminum scrap prices declined on Index
SPOKANE (Scrap Monster): The North American Aluminum scrap prices declined on ScrapMonster Price Index  as on October 28th, Wednesday.

1100 Scrap prices declined by $0.01 per Lb. The prices of 3003 Scrap too fell $0.01 per Lb. A down move of $0.01 per Lb was witnessed in 356 Aluminum Wheels and 6061 Extrusions. Meantime, 5052 Scrap prices, 6063 Extrusions and 6063 Extrusions/Fe too declined by $0.01 per Lb over the previous day.

The prices of Al/Cu Radiators and Al/Cu Radiators/Fe remained flat over the previous day. Aluminum Radiators prices went down by $0.01 per Lb. Aluminum Radiators/Fe and Aluminum Transformer prices held steady on 28th Oct.

Breakage 50% Recovery prices too remained unchanged.

ALSO SEE Brass/Bronze Scrap Price List, Copper Scrap Price List

Chrome Wheels and MLC Clips prices dropped by $0.01 per Lb.

E.C Aluminum Wire prices too slipped by $0.01 per Lb.

The prices of Litho Sheets and Old Cast witnessed decline of $0.01 per Lb each.

The prices of MLC Clips and Old Aluminum Sheet declined by $0.01 per Lb.

Painted Siding and Zorba 90% NF prices too fell by $0.01 per Lb each.

Mixed Aluminum Turnings and UBC prices dropped by $0.01 per Lb.

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
High-Grade NPI Smelter Profits Squeezed as Ore Prices Rise and Sales Prices Dip
13 hours ago
High-Grade NPI Smelter Profits Squeezed as Ore Prices Rise and Sales Prices Dip
Read More
High-Grade NPI Smelter Profits Squeezed as Ore Prices Rise and Sales Prices Dip
High-Grade NPI Smelter Profits Squeezed as Ore Prices Rise and Sales Prices Dip
[SMM Nickel Flash] Based on nickel ore prices from 25 days ago, smelter profits for high-grade NPI remained high this week. However, from the current raw material side, ore prices from both the Philippines and Indonesia increased, while auxiliary material prices saw a slight pullback, leading to an increase in the cash cost of producing high-grade NPI from spot ore. At the same time, high-grade NPI prices experienced some pullback, making it difficult for smelter profits to see sustained improvement.
13 hours ago
High-Grade NPI Prices Fall, Expected to Stabilize as Chinese New Year Approaches
13 hours ago
High-Grade NPI Prices Fall, Expected to Stabilize as Chinese New Year Approaches
Read More
High-Grade NPI Prices Fall, Expected to Stabilize as Chinese New Year Approaches
High-Grade NPI Prices Fall, Expected to Stabilize as Chinese New Year Approaches
[SMM Nickel Flash] This week, due to a sharp decline in futures triggering arbitrage selling, high-grade NPI prices fell significantly. However, after the selling activity subsided, upstream quotations and the market center gradually returned to normal levels, supported by cost factors. Looking ahead, as the Chinese New Year holiday approaches, market activity is expected to remain subdued, and high-grade NPI prices are projected to hover at highs with limited fluctuations.
13 hours ago
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
13 hours ago
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
Read More
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
[SMM Nickel Flash] The SMM average price of 10-12% high-grade NPI fell 17.2 yuan/mtu WoW to 1,035.8 yuan/mtu (ex-factory, tax included), while the Indonesia NPI FOB index average price dropped 2.06 $/mtu WoW to 131.2 $/mtu. At the beginning of the week, futures hit limit-down, and nickel prices fell sharply WoW, driving the emergence of arbitrage supplies sold at low prices, leading to a significant decline in high-grade NPI prices.
13 hours ago
North American Aluminum scrap prices declined on Index 28th Oct, 2015 - Shanghai Metals Market (SMM)