Fastmarkets’ assessment of the aluminium pressure die-casting ingot DIN226/A380, delivered Europe
was at €2,010-2,040 ($2,391.04-2,426.72) per tonne Friday March 19, down from €2,040-2,090 per tonne the week before.
Although the price is still up from €1,950-2,020 per tonne at the start of the year, the price has already gone through a series of rallies and drops throughout the past three months.
“No one knows what direction the price will run - in recent weeks it dropped and increased, we’ve had €2,100 [per tonne] recently and now it’s weaker. We saw in the past that everything is possible within a few weeks,” a producer in Europe said.
“The movements are so strong, I don’t see any logic,” a secondary aluminium trader in Europe said. “Last month, even two weeks ago, everyone wanted deliveries and now everyone is...