ALUMINIUM FOUNDRY WRAP: US, European premiums fall to multi-year lows

Weak spot demand for foundry alloy pushed the premium in the United States to a two-year low and the premium in Germany to an all-time low on Friday October 11.

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...

Published

Justin Yang

Michael Roh

October 11, 2019

20:07 GMT

New York, London