Aluminium foundry alloy premiums in Europe swing up after two long years

On 14^th August’20, aluminium primary foundry alloy premiums in Germany and Eastern Europe swing up, after two long years.  The growth has sent a positive note to the industry breaking the downfall trend that initiated in 2018.

Premiums for aluminium primary foundry alloy in Europe reflected upward inclination on 14^th August’20 for the first time in two years ahead of 2021 negotiations for annual supply in the region.

The aluminium primary foundry alloy silicon 7 ingot premium, ddp Germany and the aluminium primary foundry alloy silicon 7 ingot premium, ddp Eastern Europe at $280-300 per tonne, with both up from $270-290 per tonne the month before.

As per the industry experts, automotive manufacturing production has increased in recent weeks up to 70-100% capacity - which is boosting interest in alloys. It has supported to conclude a two-year decline in premiums for foundry alloy in Europe.

The sellers have stated that they had sent initial offers for alloy at around $300-350 per tonne throughout Europe.

Aluminium primary foundry alloys are known for their excellent metal quality requiring high purity aluminium and outstanding castability that make them a preferred choice for critical components of the auto sector.