Aluminum Premiums Outlook Update (January 18, 2021)

1. US MW PREMIUM ALERT. BACKWARDATION CAN’T STOP RALLY: MW premium rises to... cent/lb. (From January 14).

2. US BILLET ALERT. SKYROCKETS: US spot billet premiums gap up to... cent/lb. (From January 14).

3. BRAZIL ALUMINUM ALERT. STABLE START: Brazil’s P1020 premium still at 28-month high (From January 11).

4. EUROPE PFA ALERT. FURTHER UP: European spot PFA premiums jump to $... per mton (From January 15).

5. EUROPEAN BILLET UPDATE. HIGHER STILL: European spot bill premiums jump to $... per mton (From January 13). To read our full European Billet Market Intel and Premiums assessment, please see our specialized European Billet Intelligence Report.