August 7, 2021
WIDER DISCOUNTS
Executive Summary
USA MARKET COMMENTARY
1. WIDER DISCOUNTS: US brokers widening spreads for prompt units of MLC.
2. NOT WIDENING YET: Spreads for 6063 clean scrap remain tight despite jump in MWTP.
3. STRONG DEMAND: Consumers looking for prompt units of 1070 aluminum scrap tax.
MEXICAN MARKET COMMENTARY
1. NON-STOP EXTRUSION SCRAP RALLY: 6063 scrap prices continue to increase.
2. UBC PRICES INCREASE AGAIN: Export market pushing up UBC prices in Mexico.
More details in full report.