ALUMINIUM FOUNDRY WRAP: Market continues to ease in Germany, US; Eastern Europe remains firm

Aluminium foundry premiums in Western Europe and the United States continued to slide on Friday April 12 following sustained concerns about the automotive industry.

The premium for silicon 7 aluminium wheel alloys over London Metal Exchange cash prices delivered to the Ruhr region with 30-day payment terms was assessed Friday at $340-360 per tonne. The premium is down more than 17.6% year on year. The US government levied sanctions against Russian aluminium producer UC Rusal on April 6, 2018. Bearish views on the automotive sector in Europe continue to drive aluminium foundry metal’s downtrend and lack of demand...

Published

Justin Yang

Michael Roh

April 12, 2019

22:34 GMT

London, Los Angeles