UK secondary aluminium price falls to three-month low on poor domestic demand, lack of export market

A weaker secondary aluminium market in Europe and a lack of domestic demand drove the UK secondary aluminium market down by 2.9% on Wednesday February 27.

Fastmarkets assessed the price of LM24 pressure diecasting ingot on a delivered consumer works basis at £1,380-1,440 ($1,839.18-1919.15) per tonne on Wednesday, with deals concluded toward the lower end of the range. This is the lowest price for the ingot since November 14, 2018. The move down follows a nosedive in the European price of die-casting ingot DIN226/A380 to €1,470-1,530 ($1,674.60-1,742.95) per tonne on Friday, on a delivered...

Published

Justin Yang

February 27, 2019

17:32 GMT

London