
Originally Posted by
sathyashrayan
I tried to do some price calculation the Al for MT (1000kg)
1kg is 2.20462 lb
As per this info one lb Al price is .10
2.20462 x .10 = 0.220462 USD per KG
0.220462×1000 KG = 220.462 USD FOB Aprox
Am I nearing to the calculation or I got it all wrong?
Not wrong maths just a small misunderstanding. Believe greytruck was saying not that Al was $.10/lb, but that the price had fallen by about $.10/lb. So for the higher market price each KG is around $1.98/kg ($.91/lb) and for selling at a local yard between $.71/kg-$1.43/kg ($.32/lb-.65/lb), varying quite a bit depending on the kind of aluminum and your location.
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