Market prices for European 226 aluminum alloy ingot remained broadly steady this week as business slowed ahead of next week's Easter break, though there were some indications that consumer buying interest may flush out some cheaper offers.
"The market is slowing down, which is normal for this time of year," a producer said. "A lot of business was done in the last few weeks -- quarterly buyers have finished, and spot buyers know what they need. Demand is dropping a little bit ahead of the holiday."
High primary aluminum prices on the London Metal Exchange, with the market again eying a break above $2,000/mt for the first time since late 2014, failed to translate into higher alloy prices, sources said.
"We hoped to have a bit more of an increase following the strong LME, but the secondary market is still stable at Eur1,820-Eur1,870/mt," a southern European producer said.