Aluminum Premiums Outlook Update (April 12, 2021)

1. MW PREMIUM ALERT: CANADA P1020 EXPORTS DO IT AGAIN: Exports exceed quota, current high MW premium levels jeopardized (From April 7).

2. US BILLET ALERT. BREAKING RECORDS: Billet spot at.. cent/lb; offers as high as... cent/lb (From April 6).

3. US WIRE ROD ALERT. EVEN HIGHER: Spot EC rod premiums rally to... cent/lb (From April 6).

4. BRAZIL ALUMINUM ALERT. PULLED HIGHER: Brazil’s spot P1020 premiums rise, even though weakening demand conditions persist (From April 6).

5. EUROPEAN P1020 ALERT. BULLISH RUN CONTINUES: European P1020 premiums rally to new highs (From April 9).

6. EUROPEAN BILLET UPDATE. SPOT AT $780 PER MTON: Some Q3 contracts closed as high as $850 per mton (From April 8). To read our full European Billet Market Intel and Premiums assessment, please see our specialized European Billet Intelligence Report.