Aluminum Premiums Outlook Update (April 26, 2021)
1. MW PREMIUM ALERT. US MW PREMIUM ALERT. ALL-TIME RECORD HIGH: MW P1020 spot gaps up to... cent/lb to fully reflect replacement costs. (From April 19).
2. US BILLET ALERT. FRESH RECORD HIGHS: Billet spot premiums rise as high as... cent/lb (From April 26).
3. EUROPEAN P1020 ALERT. FRESH THREE-YEAR HIGHS: South Europe P1020 premiums reach $... per mton (From April 22).
4. EUROPE PFA ALERT. FIVE-YEAR HIGH: Spot PFA premiums jump as high as $... per mton (From April 20).
5. BRAZIL ALUMINUM ALERT. BRAZIL CATCHES UP WITH THE WORLD: Brazil’s P1020 at fresh highs, billet premiums gap up (From April 22).
6. EUROPEAN BILLET UPDATE. SPOT REACHES $900 PER MTON: Q3 contracts closed also as high as $... per mton. (From April 16). To read our full European Billet Market Intel and Premiums assessment, please see our specialized European Billet Intelligence Report.