The price of European aluminium ingot 226 continued to climb on Friday February 28 due to strong domestic demand amid concerns that the spread of the novel coronavirus (2019-nCoV) in Italy could hamper production in the region, leaving a tight market with inadequate supply.
Fastmarkets assessed the price of aluminium diecasting ingot DIN226/A380, delivered Europe at ?,?1,420-1,480 ($1,566-1,633) per tonne on Friday, up from ?,?1,400-1,460 per tonne the previous week.Chinese demand for European secondary aluminium was strong at the onset of 2020 after the China Solid Waste and Chemical management Bureau declared a 275,465-tonne...