European premium ‘depression’ continues
Primary aluminium foundry alloy premiums throughout Europe fell, with poor fundamentals continuing to fuel the downtrend.
Fastmarkets assessed the aluminium wheel alloy silicon 7 ingot premium, ddp Germany at $325-345 per tonne on Friday from $335-255 per tonne on September 13. The premium is at its lowest since Fastmarkets started pricing the market in 2015.
Fastmarkets on Friday assessed the aluminium wheel alloy silicon 7 ingot premium, ddp Eastern Europe at $340-360 per tonne from $355-375 per tonne in September.
“Foundry seems to be a...