Pricing Intelligence for Scrap Traders & Recyclers
Scrap metal trades on a spread/discount basis relative to primary metal prices — and that spread is never constant. Novaex tracks scrap-to-primary spreads across grades, regions, and metals in real-time, giving processors and traders the intelligence to price, hedge, and trade with confidence.
The Unique Challenge of Scrap Pricing
Unlike primary metals traded on exchanges, scrap prices are determined by the spread to LME/MCX — and that spread moves based on scrap availability, contamination levels, processing costs, and regional demand. Scrap traders who hedge with exchange futures carry significant basis risk. Without real-time spread monitoring, traders discover pricing gaps only when margins disappear.
How Novaex Serves Scrap Traders
Scrap Spread Tracking
Monitor the discount/spread between scrap grades and LME/MCX primary metal prices in real-time. See how Taint/Tabor, Zorba, and other grades are trading relative to exchange prices.
Grade-Specific Analytics
Track pricing for ISRI-classified scrap grades across aluminum, copper, and zinc. Understand grade-specific supply-demand dynamics and seasonal patterns.
Basis Risk Monitoring
Quantify the basis risk between physical scrap prices and exchange-traded futures. Track historical spread patterns to inform hedging decisions and position management.
Regional Price Differentials
Monitor scrap pricing across regions — domestic Indian, Southeast Asian, Middle Eastern, and European markets — to identify arbitrage opportunities and optimize sourcing.
Why Scrap Traders Choose Novaex
Purpose-built intelligence for the unique pricing dynamics of scrap metal trading and recycling.
Spread Intelligence
See scrap-to-primary spreads in real-time across all grades and regions you trade.
Position Visibility
Track your physical scrap inventory alongside financial hedges in one unified view.
Hedging Optimization
Model hedging strategies that account for the unique basis dynamics of scrap trading.
Historical Analytics
Analyze historical scrap spread patterns to identify seasonal trends and optimal trading windows.
Frequently Asked Questions
Master Scrap Spread Dynamics
Get real-time scrap-to-primary spread analytics, grade-specific pricing, and hedging tools built for scrap processors and recyclers.