Aluminum Premiums Outlook Update (January 6, 2020)

Executive Summary

1. (From December 30). US BILLET UPDATE. US spot billet premiums expected to remain under pressure in 2020.

2. (From January 3). US PFA ALERT. US PFA premiums decline further as oversupply lingers.

3. (From January 3). EUROPEAN BILLET UPDATE. Spot premiums unchanged amid no activity due to holidays. Various extruders see premiums decline trend as practically over.

More details in full report.