Key data from Fastmarkets' pricing session in Europe on Friday December 11.
Key drivers:
European sellers reported strong export demand to Asia as the key tailwind for higher offers for 226 ingots, with some indicating that Asian buyers are increasing offers by ?,?100 ($121) per day. Aluminium scrap prices have increased amid tightening supply after many cargoes were delayed due to a shortage of containers in Asia. Earlier this week, the aluminium ingot ADC 12 spot (MJP), cfr Japan price soared by more than 11% at the midpoint to $2,300-2,400 per tonne, with the shortage...