Aluminum Premiums Outlook Update (October 12, 2020)
1. US BILLET ALERT. US billet 2021: double digit upcharges unattainable for now. (From October 5).
2. NORTH AMERICA PFA ALERT. PFA 2021 premiums flat y/y, strong demand recovery (From October 6).
3. US WIRE ROD ALERT. US 2021 contract premiums flat/slightly lower y/y (From October 7).
4. BRAZIL BILLET ALERT. Brazil billet premiums also up on fundamentals (From October 6).
5. MEXICO P1020 ALERT. Mexico's P1020 premiums jump to two-year highs (From October 8).
6. EUROPEAN BILLET UPDATE. “Chaotic” and tight billet market pushes spot billet premiums to as high as $... per mton (From October 9). To read our full European Billet Market Intel and Premiums assessment, please see our specialized European Billet Intelligence Report.