US aluminum export prices rose across some grades on Thursday as the reopening of the US economy sparked a new round of hope and fear.
The weekly Davis Index for 95/2 zorba was flat 31.8¢/lb fas US ports and increased by 2.9¢/lb for 99/3 zorba to 36.4¢/lb fas on Thursday.
The index for taint/tabor increased by 1.2¢/lb to 39.4¢/lb fas US ports and was stronger by a penny for tense at 42¢/lb fas. The index for A356 wheels was flat at 57.2¢/lb fas US port.
The official three-month LME aluminum contract decreased by $4/mt to close at $1,510/mt on Thursday from $1,514/mt on April 16.
Sale prices for the next round of exports could decline after India pushed back the end of its COVID-19 related lockdown to the first week of May. For now, the reopening has had some positive effects on at least the shredder grades of aluminum.