Aluminum Premiums Outlook Update (February 1, 2021)

1. US BILLET ALERT. BUFFER STOCKS DOWN CLOSE TO BONE: US spot billet premiums up to... cent/lb (From January 28).

2. EUROPEAN P1020 ALERT. FRESH TWO-YEAR HIGH: European P1020 premiums up as tightness intensifies (From January 29).

3. EUROPE PFA ALERT. GAPS UP: Spot PFA premiums jump to $... per mton mainly due to current supply constraints. (From January 26).

4. EUROPEAN BILLET UPDATE. SURGE RESUMES: Billet spot premiums up, Q3 offers reach $... per mton (From January 29). To read our full European Billet Market Intel and Premiums assessment, please see our specialized European Billet Intelligence Report.