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US Midwest Busheling May '23 (THK23)
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Contract Specifications

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Contract
U.S. Midwest Busheling Ferrous Scrap AAM Futures
Contract Size
20 gross tons ($1 per short ton)
Tick Size
$1 per short ton ($20.00 per contract)
Trading Hours
5:00p.m. - 4:00p.m. (Sun-Fri) CST
Exchange
COMEX
Point Value
$20
Expiration Date
05/10/23 (expired)

Seasonal Chart

US Midwest Busheling May '23
Average Price Chart for 5 Prior May Contracts
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
500.00 +10.08%
on 04/21/23
550.38 unch
on 05/12/23
+20.38 (+3.85%)
since 04/12/23
3-Month
490.00 +12.32%
on 02/15/23
610.00 -9.77%
on 03/09/23
+70.38 (+14.66%)
since 02/10/23
52-Week
390.00 +41.12%
on 10/17/22
610.00 -9.77%
on 03/09/23
-29.62 (-5.11%)
since 05/12/22

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Most Recent Stories

More News
Scrap Copper Prices: Weekly Market Report- 2nd June, 2023

The LME Copper Cash Settlement contract prices increased from $8,017.00 a day before to $8,210.50 per tonne.

Aluminum Scrap Prices: Weekly Market Report- June 2nd, 2023

The LME Aluminum Cash Settlement contract edged higher from $2,255.00 a day before to $2,281.00 per tonne.

DRI and Indian Coast Guard’s Joint Operation Foils Gold Smuggling Attempt

The boat used for smuggling was also seized.

GCQ23 : 1,996.5 (+0.05%)
GRQ23 : 1,996.4 (+0.05%)
B.C. Court Approves Sale of Red Lake Mine

Now, West Red Lake Gold Mines says the transaction is expected to close on June 28, 2023.

AISI Releases Annual Statistical Report for 2022

The AISI ASR report is the most comprehensive reference of its kind, providing extensive coverage of the American steel industry and selected statistical data on the Canadian, Mexican and world steel industries....

HVM23 : 942.00 (+0.75%)
THN23 : 485.00s (+2.11%)
C-M24 : 380.00s (+1.88%)
V7V23 : 538.00s (-1.65%)
V5M23 : 1,032.00s (unch)
FSPAUSY41.CM : 8.7550 (unch)
FSPAUSY46.CM : 7.9400 (unch)
SSPAUSY39.CM : 0.2463 (-1.24%)
Novelis to Supply Aluminum Beverage Can Sheet to Coca-Cola

The supply will be made from various plants including the Bay Minette, Alabama plant, which is expected to start commissioning in 2025.

ALQ23 : 2,302.00 (+0.14%)
Q8Z23 : 2,319.50s (+1.38%)
R8M23 : 1,960.50s (-0.03%)
ALPAUSY15.CM : 0.6939 (unch)
ALPAUSY51.CM : 0.4211 (-0.21%)
Nucor Signed Carbon Capture and Storage Agreement with ExxonMobil

The project is expected to kick start in 2026 and will help Louisiana achieve its net-zero carbon emissions goal by 2050.

HVM23 : 942.00 (+0.75%)
THN23 : 485.00s (+2.11%)
C-M24 : 380.00s (+1.88%)
V7V23 : 538.00s (-1.65%)
V5M23 : 1,032.00s (unch)
FSPAUSY41.CM : 8.7550 (unch)
FSPAUSY46.CM : 7.9400 (unch)
SSPAUSY39.CM : 0.2463 (-1.24%)
1st June, 2023: North American Scrap Metal Prices Surged on Index

309 SS and 310 SS prices increased by $0.02 per Lb and $0.03 per Lb respectively on a daily basis.

1st June, 2023: Scrap Gold Prices Surged, Platinum Declined, Silver Unchanged

In the Hallmarked category, the 14 carat gold scrap prices were up by $ 6.78 per Oz.

Asian Countries Posted Mixed Trend in Scrap Metal Trade

Also, the country’s aluminum scrap imports totalled around 129,000 tons in April, down by 12.5% from the previous month.

Barchart Trading Guide

The Barchart Trading Guide is a Buy Signal with a Soft Signal Strength.

Key Turning Points

3rd Resistance Point 550.38
2nd Resistance Point 550.38
1st Resistance Point 550.38
Last Price 550.38s
1st Support Level 550.38
2nd Support Level 550.38
3rd Support Level 550.38

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52-Week High 610.00
Last Price 550.38s
Fibonacci 61.8% 525.96
Fibonacci 50% 500.00
Fibonacci 38.2% 474.04
52-Week Low 390.00

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