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European secondary aluminium prices stay high on nearby demand

January 27, 2012 - 16:50 GMT Location: London

KEYWORDS: European secondary aluminium prices , Europe , trader , aluminium

European secondary aluminium prices rose again on Friday January 27, but less sharply compared with last week, as demand for material remained firm.

Two prices edged higher on Friday: DIN226 pressure diecasting ingot climbed to €1,780-1,850 ($2,791-$2,900) per tonne from €1,750-1,820 previously; while mixed turnings increased to €1,080-1,180 from €1,050-1,180. “We’ve sold ingots this week at €1,790 at the lowest, and we’re paying for mixed turnings at €1,080. The week before, we were paying €1,030; it’s quite a lot,” one...

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