Aluminum Premiums Outlook Update (May 17, 2021)

1. US MW PREMIUM ALERT. SIGNS OF EXHAUSTION: MW P1020 spot premium falls to... cent/lb (From May 13).

2. NORTH AMERICA PFA ALERT. STRONGER IMPORTS AHEAD: Semiconductor shortage is reducing PFA spot needs; offshore imports are set to strengthen ahead (From May 11).

3. US BILLET ALERT. SOME COOL-DOWN: US Billet spot upcharge softens to... c/lb (From May 12).

4. US-MEXICO SLAB ALERT. START OF A NEW ERA: Record offshore slab imports is just the start (From May 14).

5. EUROPEAN BILLET UPDATE. TENSE CALM: European spot billet stable at $... per mton (From May 13). To read our full European Billet Market Intel and Premiums assessment, please see our specialized European Billet Intelligence Report.