ALUMINIUM FOUNDRY WRAP: German foundry market stabilizes for first time since February; US market dips
Primary aluminium foundry alloy premiums in Europe were steady on Friday May 10 in a quiet market, while bearish sentiment from the automobile industry continued to cap premiums.
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, steady from April’s assessment the first time since February that the premium has not moved down.
In Eastern Europe, the premium for silicon 7, on a delivered-duty-paid basis
was stable at $360-380 per tonne on Friday for the fourth straight assessment.