Demand surges for European ingots amid rising ADC 12 price

Export demand for European secondary aluminium-ingot 226 has risen sharply over the week to Friday May 15, while ADC 12 prices in Asia reach multi-year highs due to strong automotive demand and soaring scrap prices, sources told Fastmarkets.

The global semiconductor chip shortage and subsequent halt in automotive manufacturing worldwide contributed to the eight-week fall in secondary aluminium 226 prices - from March 26-April 30, 2021 - however, the recent easing of supply chains in Asia has allowed export demand for the metal to rebound, sources said.

Fastmarkets assessed the aluminium pressure diecasting ingot DIN226/A380, delivered Europe price at €1,920-1,990 ($2,331-2,416) per tonne on Friday May 15, up 3.4% from the previous week and at its highest since April 1, 2021.


Imogen Dudman

May 17, 2021

13:30 GMT