Export prices of aluminum scrap fas US port decreased on Thursday as government-mandated shutdowns have limited export destinations.
The weekly Davis Index for 99/3 Zorba decreased to 42.3¢/lb fas US ports from 44.2¢/lb fas last week, while 95/2 Zorba decreased by 2.5¢ to 35.2¢/lb fas US ports on Thursday.
The index for Taint/Tabor decreased to 39.8¢/lb fas US ports from 41.1¢/lb fas, with Tense settling at 41.1¢/lb fas US ports, down slightly from 41.6¢/lb fas on March 19.
The official three-month LME aluminum price decreased by $56/mt to $1540/mt on Thursday from $1,606/mt on March 19.
Quotes for some material grades are scarce, with some even restricting shipment to futures dates. This shifting supply chain has stranded some blocks of material at docks or on the water with no conceivable ability to either deliver them to their final destinations or search for other trading partners.