Aluminum Premiums Outlook Update (December 2, 2019)

Executive Summary

USA

1. (From November 29). US MW premium gaps down to a twenty-one-month low; latest 2020 deals concluded with... cent/lb discounts under MW.

EUROPE

2. (From November 29). European billet Q1 negotiations extending longer; Low end of Portugal spot premiums declines to... per mton.

LATIN AMERICA

3. (From November 25). Brazil domestic producers long and looking for exports amid depressed local market demand and a weak currency.

More details in full report.