European secondary aluminium ingot prices dipped on Friday May
25, though some producers are now refusing sales at such low
"We've stopped selling because it is impossible at these
prices," a producer said.
DIN226 pressure diecasting ingot fell to €1,700-1,780
($2,137-2,237) per tonne from €1,700-1,800 previously
As in recent weeks, prices at the top of the range are
available to sellers in the north of the continent, with lower
prices found further south.
"There are lower prices in the south than we are willing to
accept," a second producer said. "We need better prices to
reduce our losses."
Demand is thin from European diecasters, who remain short-term
buyers in the face of growing economic turmoil in Europe.
"Diecasters keep on buying hand-to-mouth," a trader said. "They
are complaining that their own orders are not so fantastic, and
they are fearful of the upcoming summertime."
Scrap prices remained stable on Friday, increasing the margin
pressure on ingot producers that are already operating at a
"If you look at the scrap prices, southern producers will not
be able to survive for long at these levels," the second