Alloy 231

DIN 1725 · EN AB-47100 · Al Si12Cu1(Fe)

Priced off 226 using the real WVM 231/226 ratio from the weekly German index.

Hold

Discount to LME −€743/t · +0.30σ vs 2-year norm · Asia +€52/t vs EU

Estimated fair value: €2,122/t
Discount to LME: −€743/t
Position vs normal: +0.30σ
Asia gap: +€52/t

Price history

Paid·Weekly

Two years of weekly closes against the aluminium benchmark, both in EUR/tonne on one axis. The gap between the lines is the discount you buy at.

Alloy 231 — estimated market priceAluminium benchmark

On forecasting

We don't forecast, and we won't pretend to. No free provider forecasts aluminium scrap at all. The only free forecast that exists is the World Bank's Commodity Markets Outlook, which gives an annual average for primary aluminium, published twice a year — most recently $3,200/t for 2026 and $3,000/t for 2027. That is a useful planning anchor and we can show it. It is not a four-week view of what 226 will cost.

Discount to LME, against its normal range

Is this quote fair for where metal is — not just cheap or expensive in absolute terms?

Discount to LMENormal range (trailing 2y, ±1σ)

This week sits inside the normal band, so the quote is roughly where it should be given where metal is.

EU domestic vs Asia netback

What the same tonne is worth to your supplier in each direction, this week.

EU domestic

What you would pay locally

Estimated fair value, delivered: €2,122/t

Net€2,122/t

Asia netback

Higher

What your supplier nets shipping east

Asia gross bid, CIF: €2,270/t
Ocean freight: −€78/t
Port & handling: −€18/t

Net€2,174/t

Delta

+€52/t

Asia pays better this week. A supplier quoting you above €2,122/t is not bluffing — though €52/t is a thin margin once they price the freight risk and the longer payment cycle.

Where these numbers come from

Real — from your Stena workbook: MB DIN226A × WVM 231/226. Price index WVM, LME and MB — weekly workbook supplied by Stena Recycling. LME last reported 12 Aug 2026; Metal Bulletin 14 Aug 2026; WVM 7 Jan 2026.
Modelled for this concept: Fair value is the reference index less a 34% scrap discount — melt loss, alloying, energy and refiner margin. The Asia bid, the freight deduction and the signal are illustrative. Your own purchase history is what would replace every one of these assumptions.

One year of estimated fair value ranged €1,452/t – €2,343/t.

Paid·Weekly Fastmarkets (Metal Bulletin) / WVM — The only way to price Alloy 226 separately from 231. No free equivalent exists.