European secondary aluminium ingot price retreats from five-year high on reduced Asian buying

January 26, 2021 / www.metalbulletin.com / Article Link

The price range for secondary aluminium ingot across Europe declined by just over 2% at the midpoint on Friday January 22, the downturn coming after market participants reported a dip in purchasing appetite from Asian buyers ahead of China's Lunar New Year holiday next month.

Fastmarkets' assessment of the aluminium pressure diecasting ingot DIN226/A380, delivered Europe, fell to ?,?1,940-2,000 ($2,361-2,434) per tonne on Friday, down from last week's range of ?,?1,980-2,050 per tonne.
The decline came after the price spiked by more than 20% from ?,?1,540-1,600 per tonne on November 13, peaking at ?,?1,980-2,050 per tonne on January 15. This was its highest level since June 2015.

Those dealing in both scrap and...

Recent News

Gold stocks gain even as metal price pulls back

April 29, 2024 / www.canadianminingreport.com

Copper price forecast swinging significantly on shifting outlook

April 29, 2024 / www.canadianminingreport.com

Upgrades continue for 2024 gold price target...

April 22, 2024 / www.canadianminingreport.com

Gold stocks edge up as weak equities offset metal rise

April 22, 2024 / www.canadianminingreport.com

Major investment banks make major gold price upgrades

April 15, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok