US aluminum export prices, fas US ports, were essentially flat save for segregated alloys, which have benefited from a strong LME market for aluminum. Segregated alloys move higher again with smelters looking for cleaner known chemistry vs. the wide range found in Zorba.
The weekly Davis Index for 95/2 Zorba fas US ports inched down by 0.8¢/lb to 51.7¢/lb, with more material being offered into the market, creating a gap between it and 99/3 Zorba, which ticked up slightly by 0.2¢/lb to land at 53¢/lb.
The Davis Index for Taint/Tabor and Tense diverged this week compared to last week’s indexes, with Taint/Tabor indexing at 54.3¢/lb, lower by 0.4¢/lb, and Tense moving to 53.8¢/lb, better by 0.3¢/lb, fas US ports.
6063 new bare scrap jumped to 81.3¢/lb, up 1.1¢/lb, while A356 wheels moved upward this week to 68.1¢/lb, higher by 0.6¢/lb. Both grades benefitted from the higher LME market and the increase in the cost of primary aluminum.
The Davis Index for aluminum-copper radiators increased by 4.7¢/lb, to $1.44/lb on the stronger copper market, which is hovering well above the $3/lb mark in the $3.14/lb range.
The official three-month LME Aluminium contract increased by $0.50/mt to $1,840/mt on Thursday, from $1839.5/mt on Oct 15.