Prices for secondary aluminum scrap rose across most grades as the market reeled from the snowstorms across the US.
Less material was on offer as scrap flows remained tight in the past week. Improving export demand also saw buyers competing with higher export pricing to meet their scrap needs.
The weekly Davis Index for old cast increased by 2.6¢/lb to 68.1¢/lb delivered US consumer. The index for old sheet remained flat at 66.9¢/lb delivered.
Zorba 95/2 prices fell by 1.8¢/lb to settle at 65.7¢/lb delivered US consumer. The weekly index for Tweak, however, increased by 2.3¢/lb to 72.8¢/lb delivered while Twitch inched up 0.4¢/lb to 76.6¢/lb delivered.
The Davis Index for high-grade turnings rose by 1.3¢/lb to 65.5¢/lb delivered. The index for mixed 2000/7000 series turnings was up by 1.5¢/lb to 62.6¢/lb delivered.
The official LME cash price settled Wednesday at $2,145.50/mt (97.2¢/lb), up by $49.50/mt from $2,096/mt on Feb 17.