Aluminum Premiums Outlook Update (June 7, 2021)

1. US MW PREMIUM ALERT. PROMPT, TERM AND SPOT ARE NOT THE SAME:
MW P1020 spot premium holds at... cent/lb, market shows signs of a bearish bias.

2. US BILLET ALERT. EARLY BIRDS: First 2022 billet signed at... c/lb (From June 3).

3. NORTH AMERICA PFA ALERT. SUPPLY IS KEY: PFA supply hiccups overshadowing chip shortage (From June 2).

4. EUROPEAN BILLET UPDATE. NEW RECORD HIGHS: European spot billet premiums reach $... per mton (From June 4). To read our full European Billet Market Intel and Premiums assessment, please see our specialized European Billet Intelligence Report.