The spreads for US mill-grade aluminum scrap remained flat on Tuesday as the LME closed slightly higher than the previous week and supply for the material remained constricted.

 

The spread for mill-grade 1100 & 3003 was flat at 6.3¢/lb under the three-month LME aluminum contract on Tuesday. However, the weekly Davis Index for mill-grade 1100 &3003 clips decreased by 0.9¢/lb to 61¢/lb delivered US consumer.

 

The spread for scrap 6063 held at 5.8¢/lb under the three-month LME aluminum contract, while the index moved up slightly to 63.5¢/lb delivered US consumer, from 63.1¢/lb, delivered on April 7. 

 

The weekly spread for mill-grade MLC was flat at 22.6¢/lb, while the index decreased slightly from 45.9¢/lb delivered US consumer to 45.1¢/lb delivered.

 

The spread for Litho sheet scrap was flat at 10.3¢/lb under the LME contract, while the Davis Index for the grade decreased to 58.4¢/lb delivered US consumer on Tuesday, down from 59.1¢/lb delivered on April 7.

 

The three-month LME contract closed on Tuesday at $1,496/mt, up by $4/mt from $1,492/mt on April 7. The LME aluminum market dropped to a low of $1,460/mt over the week before rebounding to Tuesday’s close up by $32/mt over the week.

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