Aluminum Premiums Outlook Update (May 3, 2021)

 
US BILLET ALERT.

1. US BILLET ALERT. FRESH RECORD HIGHS: Billet spot premiums rise as high as…  cent/lb, as strong demand and supply tightness remains. (From April 26).

2. NORTH AMERICA PFA ALERT. LINGERING ISSUE: Semiconductor auto crisis pushes down PFA premiums (From April 28).

3. MJP PREMIUM ALERT. MJP spot gaps up to $… per mton (From April 29).

4. EUROPE SLAB ALERT. BULLISH SUPPLY CONCERN: San Ciprian uncertainty could further push up spot slab premiums (From April 27).

5. EUROPEAN P1020 ALERT. SIX YEAR HIGHS: European P1020 premiums reach $… per mton (From April 30).

6. EUROPEAN BILLET UPDATE. ALL-TIME $… PER MTON RECORD: European spot billet premiums spike to $…; Q3 contracts closed as high as $…per mton (From April 29). To read our full European Billet Market Intel and Premiums assessment, please see our specialized European Billet Intelligence Report.

 

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