PFA premiums set record highs in Europe, US on fresh demand, high silicon costs

Aluminium primary foundry alloy (PFA) premiums in Europe and the United States rose on Friday January 14, with the new year bringing fresh demand to the market.

Europe
Fastmarkets assessed the aluminium primary foundry alloy, silicon 7 ingot premium, ddp Germany at $850-900 per tonne on Friday, up from $750-850 per tonne on December 10.
Participants cited increased demand from the automotive sector into 2022 and higher raw materials costs as the key reason for the increase.
“I think a lot of the automotive companies are gearing up for a better year and are looking to stock up on materials,” a consumer said.
Fastmarkets' monthly aluminium primary foundry alloy, silicon 7 ingot premium, ddp Eastern Europe was also assessed at $850-900 per tonne on Friday, up from $750-850 per tonne on December 10.  

“The primary aluminium premiums are going crazy and that for sure is supportive of the PFA premiums, I think its going to be an interesting first quarter for the market as everything about aluminium feels...

Published

Alice Mason

Orla O'Sullivan

January 14, 2022

23:06 GMT

London