US aluminum high-grade auto shreds near 10-year low on glut of zorba, reduced China trade

摘要

US aluminum high-grade autoshreds prices averaged a near 10-year lowin August due to a reduction in trade withChina, signaling a significant change in USscrap market dynamics.S&P Global Platts high-grade auto shredsprices averaged roughly 58 cents/lb inAugust, the lowest they have been sinceOctober 2008, when they averaged 53.11cents/lb. The August 2018 average is alsodown from July’s average of 64.25 cents/lband June’s 67.875 cents/lb.