Fastmarkets assessed the premium for silicon 7 aluminium wheel alloys over London Metal Exchange cash prices delivered to the Ruhr region with 30-day payment terms at $340-360 per tonne on Friday. It has been at that level since April.
Bearish sentiment stemming from the European automotive sector, especially in Germany, continues to limit demand and liquidity.
“The automotive sector is going down, but only for Germany,” one producer said.
Although a poor-performing...