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UK secondary aluminium stabilises after month of gains

February 08, 2012 - 14:54 GMT Location: London

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

UK secondary aluminium ingot prices stabilised on Wednesday February 8, with all reported business within last week’s ranges, following a month of steady climbs.

LM24 pressure diecasting ingot narrowed to £1,500-1,530 per tonne from £1,490-1,530 previously after deals dried up at the low end, while LM6/LM25 gravity diecasting ingot stayed at £1,790-1,830 per tonne. “The market has plateaued, and prices have stalled within the ranges,” a producer said. “Volumes have been hit-and-miss this week, with some consumers very busy and others quietening down.” The producer sold material this week towards the top...

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

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