ALUMINIUM FOUNDRY WRAP: US premium hits all-time low; German premium extends decline

Aluminium foundry alloy premiums continued to falter, with the US premium hitting a record low, due to bearish macroeconomics and weak fundamentals.

Fastmarkets assessed the aluminium wheel alloy silicon 7 ingot/T-bar premium, dlvd dup over P1020A Midwest US at 7-10 cents per lb on Friday December 13, down from 8-11 cents per lb in the previous monthly assessment.
The previous all-time low was 8-10 cents per lb in July 2017.

Spot activity remains minimal, with December a traditionally quiet month. And heated competition among overseas producers for wheel producers’ business has dampened the...

Published

Justin Yang

Michael Roh

December 13, 2019

22:52 GMT

New York, London