Transactional prices for US brass scrap were marginally better on Friday, compared to last week, as spreads held their ground against the recent drop in Comex.

 

The Davis Index for 360-rod borings was up to $1.760/lb from $1.765/lb, while red brass (85:15) increased to $2.07/lb from $2.05/lb. Brass radiators also increased to $1.42lb from $1.40/lb.

 

The spread for C-200 series copper cash remained at 12¢/lb under Comex, unchanged from last week, and the spread for C-200 series zinc cash was flat at 5.5¢/lb.

 

The next active Comex price increased to $2.54/lb on Friday from $2.52/lb last week. The three-month LME zinc cash price dropped from $1/lb last week to close on Friday at 97.88¢/lb.

 

Consumers are paying a slightly higher price for scrap and most sellers, particularly those who time the market, are hoping for better prices in the coming weeks. However, with deliveries scheduled through the end of February, those market participants might have to wait longer than expected.

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