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European secondary aluminium prices stay flat

February 10, 2012 - 12:56 GMT Location: London

KEYWORDS: Europe , secondary aluminium , scrap , ingot , DIN 226

European secondary aluminium prices remained largely flat on Friday February 10, as market participants remained reluctant to pay higher prices.

A shortage of scrap on the continent, coupled with high demand, had pushed prices up over the course of the last few weeks, but gains have recently become steadily less pronounced. Meanwhile, DIN226 pressure diecasting ingot prices picked up slightly on the low end, to €1,820-1,870 ($2,416-2,482) per tonne as poor weather in northern Europe exacerbated the scarcity of material. “This week, demand has not been...

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

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