North American Aluminum scrap prices remain flat on Index on 4th Jan, 2017

Published: Jan 5, 2017 16:11
The North American Aluminum scrap prices remained unchanged on ScrapMonster Price Index  as on January 4th, Wednesday.

January 05, 2017 12:31:31 AM

SPOKANE (Scrap Monster): The North American Aluminum scrap prices remained unchanged on ScrapMonster Price Index  as on January 4th, Wednesday.

1100 Scrap prices remained flat over the day. The prices of 3003 Scrap too were flat at $0.58 per Lb. The prices of 356 Aluminum Wheels and 6063 Extrusions/Fe too were unchanged.

The prices of 6063 Extrusions held steady over the day.

Meantime, prices of 5052 Scrap and 6061 Extrusions remained flat at $0.55 per Lb and $0.53 per Lb respectively.

The prices of Al/Cu Radiators and Al/Cu Radiators/Fe remained flat. Aluminum Radiators and Aluminum Radiators/Fe prices held steady. Aluminum Transformers and Breakage 50% Recovery prices remained unchanged on 4th January.

Chrome Wheels and E.C Aluminum Wire prices remained flat over the day.

Litho Sheets and MLC Clips remained flat at $0.59 per Lb and $0.55 per Lb respectively.

Mixed Aluminum Turnings prices too remained unchanged.

The prices of Old Cast and UBC witnessed no change over the previous day.

Old Sheet, Painted Siding and Zorba 90% NF prices too held steady.

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
Ferrous Metals Expected to Continue Holding Up Well Amid the Middle East Conflict and Long-Term Contract Negotiations [SMM Steel Industry Chain Weekly Report]
16 hours ago
Ferrous Metals Expected to Continue Holding Up Well Amid the Middle East Conflict and Long-Term Contract Negotiations [SMM Steel Industry Chain Weekly Report]
Read More
Ferrous Metals Expected to Continue Holding Up Well Amid the Middle East Conflict and Long-Term Contract Negotiations [SMM Steel Industry Chain Weekly Report]
Ferrous Metals Expected to Continue Holding Up Well Amid the Middle East Conflict and Long-Term Contract Negotiations [SMM Steel Industry Chain Weekly Report]
This week, ferrous metals fluctuated at highs, with raw material ore and coking products outperforming steel. Against the backdrop of the escalating conflict in the Middle East, ore and coking products held up well, supported by higher shipping costs and transmission from coal and coke as energy substitutes. In the second half of the week, supply and demand data for hot-rolled coil and rebar were released. The increase in rebar inventory slowed markedly; however, hot-rolled coil demand was lower than the same period last year, and the pace of post-holiday recovery was relatively slow, leaving steel as a whole with limited upward momentum, while futures retreated after rapid rise. In the spot market, trading in the Chinese market was average this week.....
16 hours ago
Aluminum Alloy Prices Fall 2.08%, Market Trading Sentiment Recovers Amid Dip Buying
19 hours ago
Aluminum Alloy Prices Fall 2.08%, Market Trading Sentiment Recovers Amid Dip Buying
Read More
Aluminum Alloy Prices Fall 2.08%, Market Trading Sentiment Recovers Amid Dip Buying
Aluminum Alloy Prices Fall 2.08%, Market Trading Sentiment Recovers Amid Dip Buying
[SMM Aluminum Alloy Daily Review] Futures: Today, aluminum alloy 2604 fluctuated upward after opening, hitting an intraday high of 23,160 yuan/mt before noon. Momentum from the bulls then faded, and prices pulled back step by step. In the afternoon, losses widened, with the low dipping to 22,180 yuan/mt. The decline narrowed slightly late in the session, and it finally closed at 22,810 yuan/mt, down 485 yuan/mt from the previous trading day, a drop of 2.08%. Spot: Market quotes generally moved lower today, with the SMM ADC12 price down 300 yuan/mt. Driven by the price pullback and weekend restocking demand, market trading sentiment recovered somewhat from the previous period, and downstream purchase willingness to buy the dip increased, supporting improved transactions at some enterprises.
19 hours ago
[Midday SMM Tin Commentary] Tin Prices Narrowly Recovered After a Sharp Drop, and Spot Transaction Activity Pulled Back Slightly
22 hours ago
[Midday SMM Tin Commentary] Tin Prices Narrowly Recovered After a Sharp Drop, and Spot Transaction Activity Pulled Back Slightly
Read More
[Midday SMM Tin Commentary] Tin Prices Narrowly Recovered After a Sharp Drop, and Spot Transaction Activity Pulled Back Slightly
[Midday SMM Tin Commentary] Tin Prices Narrowly Recovered After a Sharp Drop, and Spot Transaction Activity Pulled Back Slightly
[SMM Tin Midday Commentary: Tin Prices Narrowly Recovered After a Sharp Drop, and Spot Trading Activity Pulled Back Slightly]
22 hours ago
North American Aluminum scrap prices remain flat on Index on 4th Jan, 2017 - Shanghai Metals Market (SMM)