Aluminum Premiums Outlook Update (December 7, 2020)

1. US MW P1020 PREMIUM ALERT. PERFECT BULLISH STORM: MW premium gaps up to... cent/lb (From December 4).

2. US BILLET ALERT. 2021 contractual premium floor increases to... c/lb amid increasing tightening supply and higher spot premiums. (From December 1).

3. US WIRE ROD ALERT. 2021 CONTRACTS: US EC rod contract negotiations ongoing amid strong demand outlook (From December 1).

4. MJP PREMIUM ALERT. MJP spot gaps up to $... per mton, rally not over (From December 3).

5. EUROPE P1020 ALERT. UPWARD TREND CONTINUES: P1020 premiums in Southern Europe increase further, more upside seen (From December 3).

6. EUROPE PFA ALERT. ONE YEAR HIGHS: European spot PFA premiums jump to $... per mton. Further upside seen ahead (From December 3).

7. EUROPEAN BILLET UPDATE. EVEN HIGHER SPOT PREMIUMS: $... spot premiums becoming more prevalent across the board (From November 18). To read our full European Billet Market Intel and Premiums assessment, please see our specialized European Billet Intelligence Report.