Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

US export scrap aluminum prices fas US port remained unchanged from last week as suppliers expect further delays in restarting production in China.


The weekly Davis Index for 99/3 Zorba held at 45¢/lb fas US ports, while 95/2 Zorba remained at 42¢/lb fas US ports on Thursday. 

The index for Taint/Tabor was flat at 42.5¢/lb fas US ports, with Tense slightly stronger, but unchanged from last week at 43.6¢/lb fas US ports.


The lack of container availability is grinding export shipments out of China to a halt. Containers loaded and landed at Chinese ports are not being unloaded and returned, creating a global shortage for the units. Travel restrictions in China have been extended to March 1, due to which containers will have to wait for a few more days at Chinese ports before being unloaded.


Aluminum export prices are level at present, but demand is building behind the Covid-19 crisis and scrap prices as well as freight costs are expected to rise once the crisis has subsided.


The three-month LME aluminum price decreased from 77.7¢/lb on Feb 20 to 76.66¢/lb at the close of Thursday’s trade.

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