ALUMINIUM FOUNDRY WRAP: Premiums flat in illiquid world market

Premiums for primary foundry alloy in the United States and Europe were unchanged on Friday January 10 in an illiquid global market.

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, unchanged from the previous monthly assessment and holding at an all-time low.

With limited spot opportunities and abundant supply, foundry alloy premiums began trending downward in March 2019. The latest assessment puts the premium down 48.5%...

Published

Justin Yang

Michael Roh

January 10, 2020

20:39 GMT

London, New York