Fastmarkets assessed the aluminium wheel alloy silicon 7 ingot/T-bar premium dlvd dup over P1020A Midwest US
at 6-9 cents per lb on Friday February 14, down a penny from the previous all-time low of 7-10 cents per lb set on December 13 and maintained in January's assessment.
Competition for limited spot opportunities pressured the premium lower, with some valuations heard below the new range.
Supply continues to outpace spot demand, with few deals heard in the market in recent weeks.
“There’s so little demand… We and our competitors are always looking for ways to...