Aluminum Premiums Outlook Update (December 21, 2020)

1. US PFA ALERT. Strong US auto production and tightening supply bode well for US PFA demand and spot premiums ahead (From December 17).

2. US WIRE ROD ALERT AS STRONG AS EVER: US EC wire rod demand booms in Q3–Q4. (From December 15).

3. EUROPEAN P1020 ALERT. NEW TWO-YEAR HIGH: European P1020 premiums up again, further upside seen (From December 17).

4. EUROPEAN BILLET UPDATE. EVEN HIGHER: European spot and Q2 premiums approaching $400 per mton (From December 18). To read our full European Billet Market Intel and Premiums assessment, please see our specialized European Billet Intelligence Report.