LME drop, spotty demand pressure US aluminium scrap prices

By Bradley MacAulay / June 15, 2018 / www.metalbulletin.com / Article Link

Some mill-grade aluminium scrap prices are being weighed down by softness in the terminal markets and mixed demand, while smelter-grade material is steady.

Mill-grade painted siding succumbed to pressure, with prices down by 1 cent per lb on Thursday June 14, according to American Metal Market's latest assessment.But with the seasonally slow summer period approaching, some market participants fear prices could head lower."With the [London Metal Exchange price] flat to down, material [flow] has slowed down. Plus summer is here. Not sure where it goes from here [but]...

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