Bullish sentiment in the aluminium supply chain fueled increases in premium foundry alloy (PFA) premiums in Europe in the week ended Friday July 9. The PFA premium in the US was flat once again.
Europe
Soaring premiums for P1020 aluminium, expensive logistics and solid demand pushed the premiums for primary foundry alloy (PFA) in Europe to new all-time highs this week.
Fastmarkets' assessment of the
aluminium primary foundry alloy, silicon 7 ingot premium, ddp Germany, rose to $510-550 per tonne July 9, up from $430-500 per tonne in the previous assessment on June 11.
Fastmarkets also assessed the
aluminium primary foundry alloy, silicon 7 ingot premium, ddp Eastern Europe, at $510-550 per tonne on Friday, up from $440-500 per tonne in the same comparison.
Market participants said that the steady uptrend in European...