Copying and distributing are prohibited without permission of the publisher

DIN226 price hits June ‘07 high in Europe

April 16, 2010 - 10:56 GMT Location: London

KEYWORDS: secondary aluminium , aluminium alloy , scrap , DIN226 , cast , mised turnings , floated frag

European aluminium alloy rose to its highest level in 34 months on Friday on strong demand and high raw material costs though questions remain over the sustainability of the high prices

Duty paid delivered works pressure diecasting ingot (DIN226) rose to €2,000-2,050 ($2,703-2,771) per tonne on Friday, compared with $1,950-2,000 per tonne previously. It last traded as high as €2,050 per tonne in June 2007. “Demand from the main consumers is going up,” an Italian producer said. A few sales were reported at prices above €2,050 per tonne, while some sold material at just under €2,000 per tonne. “We got some sales at €2,070 and €2,080, but these are for single-truck sales. Our average price for the past week is €2,050 per tonne,” the Italian producer. This...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

Please log in using your online subscriber details.
Your username will be your registered email address with Metal Bulletin.

If you aren't a subscriber yet, feel free to take a seven day free trial, or subscribe using the instructions below.

A standard subscription include one year's worth of news and prices. You can also upgrade to the full archive and benefit from more than 13 years of intelligence. Start your subscription today.

Free trial

Taking a free trial will give you open access to Metal Bulletin online news, prices, archived content and email alert service for the next seven days. Start your free trial today.

Free trial

Already have an account?

Non-Ferrous

May 24, 2012 00:49 Confusion grips lead US lead battery market
May 24, 2012 00:05 US UBC collection volumes down in April
May 23, 2012 16:59 MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES
May 23, 2012 15:28 UK secondary aluminium ingot volumes up, prices down
May 23, 2012 00:40 US A380.1 aluminum alloy prices drop another penny

Minor & Precious Metals

May 24, 2012 00:15 PolyMet expects review by 1st qtr.
May 24, 2012 00:12 Electrolytic manganese sale price irks market
May 23, 2012 19:51 Trevali buys mill to ease Halfmile start-up
May 23, 2012 17:01 MB NON-FERROUS PRICE CHANGES
May 23, 2012 15:47 Ferro-titanium prices dwindle as suppliers lower ambitions

Comment & analysis

EXPERT VIEW FROM ERNST & YOUNG: Horror week favours the brave

Seven days is a long time in the investment world, but last week must have felt longer than most.
COMMENT: When super-cycle poster child BHP Billiton trims its plans...

BHP Billiton is one of the poster children for the commodities super-cycle: a mining company whose immense upstream assets in copper and iron ore have fed the industrialisation of China since the early years of the 21st century and enabled it to return $52 billion to shareholders between 2001 and 2011.
LORD COPPER: There is nothing to fear after JP Morgan loss ...

So, here we go again. Another bank, another huge trade gone bad. This one doesn’t even appear to have been a case of rogue trading; a whole desk seems to have been operating with the full knowledge of the management and/or risk committee.