Spot differentials for low-carbon aluminium value-added products (VAP) in Europe moved higher in August, but most market participants remain focused on 2022 deals.
Fastmarkets assessed the
aluminium low-carbon differential value-added product (VAP), Europe at $15-25 per tonne Friday September 3, up from $10-20 per tonne on August 6.
Spot deals were reported at $20 per tonne for aluminium billet and primary foundry alloys (PFA). Isolated deals were also reported at $30 per tonne.
But offers for 2022 VAP supplies were significantly higher; from anywhere between $50 per tonne and $90 per tonne.
Some long-term, whole-year 2022 contracts for large volumes were reported at more than $50 per tonne for PFAs.
Offers for 2022 VAPs were reported...