UK secondary aluminium prices fall as export markets remain shut

Apr 25, 2012 | 09:42 AM |

UK secondary aluminium ingot prices fell on Wednesday April 25, as export markets remain closed due to unfavourable exchange rates and a shortage of containers for eastbound shipping. “Whichever part of the market you are in, with the euro at 1.22 [to the pound sterling] and the dollar at 1.61, the export markets are not good for ingot or scrap,” an ingot producer said.  LM24 pressure diecasting ingot fell to £1,440-1,500 ($2,323-2,420) per tonne from £1,470-1,520 previously, while LM6/LM25 gravity diecasting....

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