ALUMINIUM FOUNDRY WRAP: Oversupply forces US premium to fresh low; European premiums flat

The US primary foundry alloy premium has hit an all-time low, with oversupply in the region the main reason for the downtrend.

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...

Published

Justin Yang

Michael Roh

February 14, 2020

21:44 GMT

London, New York