US Al: UBCs rise with LME as Fed stays course

摘要

US buying prices for used aluminum beverage can (UBC) scrap rose on Wednesday with the LME, as the Federal Reserve quashed rumors of early monetary tightening, causing the dollar to fall. Argus assessed US buying prices at a one-day high 79-81￠/ lb delivered on Wednesday, up from 78.5-80￠/lb delivered on Tuesday. Buying spreads stayed at approximately 55-56pc of the Argus P1020 Midwest transaction price on Wednesday, unchanged from Tuesday.