29 MAY 2013Platts
European aluminium alloy spot prices remain flat irrespective of a well-supplied market
Edited by : AL CIRCLE
1 min read
European aluminum alloy spot prices remained flat this week as both monthly and quarterly consumers keep the pressure on in a well-supplied market.
Producers have been pushing in vain to increase spot levels for the key grade of secondary aluminum, standard 226, above Eur1,700/mt ($2,189/mt) and towards Eur1,750/mt as margins are seriously squeezed by high scrap input costs.
"It's tough at the moment. The volumes are there but prices are holding at the lows," said an East European producer. "Scrap is well-supported and margins are difficult to achieve."
Scrap prices remain high and good quality turnings or tense are difficult to source at competitive prices, even in Germany, the key European market.
It is understood to require some 21,000 mt of aluminum alloy (226 and 231) including 6,000 mt in Germany, almost 7,000 mt in Poland, 4,500 mt in Czech Republic and about 1,200 mt in both Spain and Mexico.
Producers have been pushing in vain to increase spot levels for the key grade of secondary aluminum, standard 226, above Eur1,700/mt ($2,189/mt) and towards Eur1,750/mt as margins are seriously squeezed by high scrap input costs.
"It's tough at the moment. The volumes are there but prices are holding at the lows," said an East European producer. "Scrap is well-supported and margins are difficult to achieve."
Scrap prices remain high and good quality turnings or tense are difficult to source at competitive prices, even in Germany, the key European market.
It is understood to require some 21,000 mt of aluminum alloy (226 and 231) including 6,000 mt in Germany, almost 7,000 mt in Poland, 4,500 mt in Czech Republic and about 1,200 mt in both Spain and Mexico.
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