Aluminum Premiums Outlook Update (August 9, 2022)
1. US MW PREMIUM ALERT. PAUSE: MW premium range at... cent/lb (From August 2).
2. US PFA ALERT. NO SPOT APETTITE: North American spot PFA demand muted as auto production cuts linger (From August 4).
3. EUROPEAN BILLET ALERT. FALL-OFF: European spot billet premiums drop to as low as $... per mton (From August 5). No directional change in sight in the short term. The extrusion market is largely now in summer maintenance mode. To see our full European Billet Market Intel and Premiums assessment, please subscribe to our specialized European Billet Intelligence Report.