A lethargic U.S. aluminum scrap market continues to experience limited demand and downward price pressure. Market participants expect demand to narrow further during the holidays potentially putting added pressure on aluminum scrap prices through year-end. The current market focus has already begun shifting toward first quarter 2019 transactions.
Aluminum scrap prices were mixed over the past week with smelter-grade prices trading sideways, mixed low-copper clips dropping a penny and aluminum-copper radiators gaining 2 cents. The London Metal Exchange (LME) three-month aluminum contract ended its December 10 session up 0.5% from a week earlier, however down 1.3% from the same period a month earlier.
We will continue to keep you updated on market conditions through our website news section, so check back often. Metro Alloys has successfully served its clients for more than 30 years in all market conditions and we encourage you to contact your sales representative, Marvin Fish, Gary Kamp or Abby Frank with any questions.