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Oversupply sees European secondary Al prices slip

March 28, 2014 - 14:42 GMT Location: London

KEYWORDS: secondary aluminium , aluminium scrap , din226

European secondary aluminium prices slipped again on Friday March 28, as both ingot and scrap raw material prices remain pressured by oversupply.

DIN226 pressure diecasting ingot fell to €1,670-1,730 ($2,299-2,382) per tonne, from €1,680-1,730 previously.  "There’s pressure on the market," a diecaster said. "We’re looking for metal for May and June but I want to wait for one or two weeks because I think prices will go down towards €1,600." There is decent...

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