EUROPEAN ALUMINIUM INGOT 226 SNAPSHOT: Scrap shortages propels ingot price to 5-year high

Key data from Fastmarkets’ pricing session in Europe on Friday December 18, during which the European aluminium pressure diecasting ingot, DIN226/A380 price climbed to its highest level since August 2015.

Key drivers: European sellers continued to report strong export demand from Asia and raw materials shortages across the continent as the key tailwind for higher offers of 226 ingots, with scrap units reported to be leaving Europe for Asia at steady rates. Freight issues remain a key concern, with some European sellers even receiving offers from UK buyers for material (with freight more expensive from Europe to the UK), while diecasters in the region are now said to be desperate for scrap units....

Published

Hassan Butt

December 18, 2020

22:51 GMT

London