Aluminium primary foundry alloy (PFA) premiums in the United States and Germany climbed on Friday January 8 as demand outpaced limited supply in those countries.
United States
Fastmarkets assessed the
aluminium primary foundry alloy silicon 7 ingot/T-bar premium, dlvd dup over P1020A Midwest US at 8.5-10 cents per lb on Friday, up by 19.4% from 7-8.5 cents per lb last month.
The premium is at its highest since it was assessed at 8-11 cents per lb in early December 2019.
Participants said strong demand from wheelmakers has outpaced inventories. High freight costs also...