Aluminum Scrap Markets
June 25, 2024
Aluminum market update: Stability amidst broader movements
Written by Gabriella Vagnini
Market dynamics and scrap prices
Due to the tightening in the aluminum market, we have seen prices are on the rise. We are being told by our sources in the industry that UBC has been trading at $0.96/lb, 3003 Bare at $1.17/lb, and 6063 New Bare Extrusion at $1.175/lb. Other notable prices include 6063 NP Extrusion at $1.115/lb, 6061 Extrusion at $1.045/lb, 10/10 Extrusions at $1/lb, 6061 Sheet/Plate/Clip at 98.5c/lb, and High-Grade Aluminum Turnings at 84c/lb and Litho at $1.09/mt. Old Sheet Aluminum is priced at 86.5c/lb. In the Midwest, we see painted siding priced at 96.4c/lb, and NP Painted Siding at 97.5c/lb. Clean car rims are said to be trading at $1.11/lb, dirty wheels at $1.09/lb and 6022 Auto Clip at $1.05/lb.
