Oversupply sees European secondary Al prices slip

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...


Jethro Wookey

March 28, 2014

14:42 GMT