Extrusion demand deterioration seems now taking a commanding role over billet supply concerns. Spot billet premiums unchanged this week.
SPOT MARKET (delivery within 30 days)
European spot billet duty-paid premiums remain unchanged this week, with…
HARBOR’S LATEST SPOT BILLET PREMIUM ASSESSMENTS ARE AS FOLLOWS:
HARBOR’s Spain full 6060 billet logs (178-228 mm diameter, 60 days payment terms) delivered duty-paid
spot transaction premium stands…
Q4 CONTRACTUAL NEGOTIATIONS:
Q4 contractual negotiations continue, with latest contracts already signed…
Tier 1 billet suppliers are: Alu-Met, HAI, Hydro (both its primary and secondary billet supply), and Trimet.
Tier 2 billet suppliers are: Alcoa, Aluminium of Greece, Pandolfo, and Rio Tinto.
Tier 3 billet suppliers are: Alba, Alro, EGA, Egyptalum, ETI, Hindalco, Ma’aden, Press Metals, Vedanta, some secondary European producers, and some Asian and Latin American origin billet units (from China, Vietnam, South Korea, Turkey’s secondaries, and Brazil).
HARBOR’S OUTLOOK:
We continue to anticipate a partial reversal of this year’s rally with European billet duty-paid
premiums falling toward…