October 17, 2022
Executive Summary
USA MARKET COMMENTARY
1. FOUR-MONTH HIGHS: Twitch prices rising amid low generation.
2. NO DEMAND IN SIGHT: Lack of appetite for UBC units holding discounts unchanged.
MEXICAN MARKET COMMENTARY
1. DISTORTED: UBC prices in Mexico at the scrap dealer level widely misaligned with the regional market.
2. NO FURTHER DETAILS: Uncertainty reigns amid lack of official details on the announced ban on aluminum food packaging scrap.