US aluminum export prices climbed higher on Thursday after segregated alloys regained their losses from last week and ISRI grades moved higher on strong demand from Asia and higher freight cost.
The weekly Davis Index for 95/2 Zorba moved up by 1.5¢/lb to 53.3¢/lb fas US ports, while 99/3 Zorba jumped by 4.4¢/lb to 57.5¢/lb fas.
Taint/Tabor and Tense inched up this week, with the index for Taint/Tabor rising by a penny to 55.2¢/lb fas US ports, and Tense moving to 56.2¢/lb fas, up by 2.5¢/lb.
The index for 6063 new bare scrap stepped up by 4.3¢/lb to 83.5¢/lb fas, while A356 wheels increased by 1.4¢/lb to 72.2¢/lb fas US ports.
The Davis Index for aluminum-copper radiators increased by 2.3¢/lb to $1.42/lb fas on a stronger copper market, which moved higher on a robust Comex that is still hovering well above the $3/lb mark.
The official three-month LME Aluminium contract increased by $101/mt to $1,896.50/mt on Thursday, from $1,795.50/mt on Oct 29.