US aluminum scrap export prices moved by less than a cent each, barring Taint/Tabor which fell to the same level as Tense, after correcting from a spike last week.
The weekly Davis Index for Taint/Tabor settled at 71.5¢/lb fas US port, down 2¢/lb while Tense rose by 0.7¢/lb to 71.3¢/lb fas.
Prices for zorba have begun to pick up after a lull in exports over the past week. However, exports remain subdued due to a lack of containers and trucking costs to the coasts. Besides, domestic smelters are still pulling most of the available scrap.
The index for Zorba 95/2 increased by 0.5¢/lb to 74.7¢/lb fas US port while zorba 99/3 also inched up by half a penny to 72.5¢/lb fas. 6063 extrusion prices were unchanged at 97¢/lb fas while A356 wheels rose by 0.7¢/lb to 87.5¢/lb fas.
Japanese ADC12 prices have been lukewarm due to the semiconductor shortage, despite the large jump in LME Aluminum, leading to lower scrap demand in Asia. Many exporters are also changing their sorting processes to meet the new Chinese scrap import regulations.
The official LME Aluminium cash price settled Thursday at $2,344/mt ($1.06/lb), up $77/mt from Apr 8.