Copying and distributing are prohibited without permission of the publisher

UK secondary aluminium prices dip on European influence

December 07, 2011 - 15:01 GMT Location: London

KEYWORDS: UK secondary aluminium , LM24 , LM6 , LM25 , aluminium scrap , scrap prices

UK secondary aluminium ingot prices fell slightly on December 7 as the market continues to struggle under the influence of events taking place in the eurozone.

LM24 pressure diecasting ingot dipped on the low end to £1,490-1,550 ($2,327-2,421) per tonne from £1,500-1,550 previously, while LM6/LM25 gravity diecasting ingot fell to £1,780-1,840 per tonne from £1,790-1,850 previously. “LM24 has just nudged under £1,500 for volume, but five- to ten-tonne lots are still well above £1,500,” an ingot producer said. Market participants have fallen into a wait-and-see mentality ahead of the EU heads-of-state summit on December 9, after...

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 15 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?

Aluminium

May 24, 2013 16:25 Novelis boosts auto sheet capacity in Europe
May 24, 2013 14:20 MB alumina index rises to $331.72
May 24, 2013 14:15 European secondary aluminium flat; scrap in spotlight
May 24, 2013 14:15 Trade log May 2013: Aluminium
May 24, 2013 13:40 LME OFFICIALS: Copper prices down; "choppy ranges" expected

Non-Ferrous

May 24, 2013 17:17 MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES
May 24, 2013 16:25 Novelis boosts auto sheet capacity in Europe
May 24, 2013 14:15 European secondary aluminium flat; scrap in spotlight
May 24, 2013 10:43 Customs checks hit cobalt scrap supply in China [UPDATE]
May 23, 2013 21:33 Triton's purchase of recycler Befesa goes to EU for approval

Comment & analysis

LORD COPPER: What fee increases mean for the LME's future

Looking at the recently announced increase in clearing house fees for LME transactions, it is difficult not to have a degree of sympathy for both sides.
MB APEX Q1 2013 BASE METALS: Investors jump ship to equities – Meir

Investors have been jumping ship from base metals in recent months, almost universally in favour of equities, according to Edward Meir, an analyst at INTL FCStone.
COMMENT: Fee increase sours the end of LME’s time with LCH.Clearnet

Separation and anger go hand-in-hand – just ask the dazed and confused suing their former partners for every penny in the divorce courts of London. Or ask brokers on the London Metal Exchange and LCH.Clearnet, which last Wednesday announced a tripling of fees for clearer members of the LME, and gave them a bare two weeks to prepare for it.