Aluminum Premiums Outlook Update (May 3, 2021)
1. US BILLET ALERT. FRESH RECORD HIGHS: Billet spot premiums rise as high as... cent/lb, as strong demand and supply tightness remains. (From April 26).
2. NORTH AMERICA PFA ALERT. LINGERING ISSUE: Semiconductor auto crisis pushes down PFA premiums (From April 28).
3. MJP PREMIUM ALERT. MJP spot gaps up to $... per mton (From April 29).
4. EUROPE SLAB ALERT. BULLISH SUPPLY CONCERN: San Ciprian uncertainty could further push up spot slab premiums (From April 27).
5. EUROPEAN P1020 ALERT. SIX YEAR HIGHS: European P1020 premiums reach $... per mton (From April 30).
6. EUROPEAN BILLET UPDATE. ALL-TIME $... PER MTON RECORD: European spot billet premiums spike to $...; Q3 contracts closed as high as $...per mton (From April 29). To read our full European Billet Market Intel and Premiums assessment, please see our specialized European Billet Intelligence Report.