Aluminum Premiums Outlook Update (December 9, 2019)

Executive Summary

USA

1. (From December 5). MW spot premium plummets to 12.05–13.05 cent/lb

2. (From December 4). US billet imports spike to a record amid worsening world oversupply; spot premiums as low as... cent/lb.

EUROPE

3. (From December 3). European Tier 1 supplier Q1 2020 billet premium falls below... per mton. Italian spot premiums fall to... per mton.

More details in full report.