Fastmarkets assessed the aluminium 6063 extrusion billet premium, ddp North Germany (Ruhr region)
at $1,170-1,220 per tonne on Friday July 30, up by 1.7% from $1,150-1,200 per tonne the week before and by 16.56% from $1,000-1,050 per tonne at the start of July.
Fastmarkets’ assessment of the aluminium 6063 extrusion billet premium, ddp Italy (Brescia region)
also increased to $1,170-1,220 per tonne on Friday from $1,150-1,200 per tonne the week before.
“There’s still some upside and not much discounts in the market. Anyone who is selling below $1,200 [per tonne] is being bought up immediately,” a trader in Europe said.
Expensive logistics costs are making it difficult to bring in billet from places such as East Asia and are thus keeping supply tight in Europe.
“We got some offers from [Asia], but all the shipping...