Aluminum Premiums Outlook Update (October 25, 2022)
1. ALERT! – US BILLET. DECLINING CONTRACTUAL UPCHARGE: 2023 contractual offers plummet as low as... c/lb (From October 19).
2. ALERT! – US PFA. DECLINING: PFA spot premiums weaken to as low as... cent/lb (From October 21).
3. BRAZIL ALUMINUM ALERT. GAP DOWN: Brazil’s P1020 premiums decline further; contracting demand lingers (From October 19).
4. ALERT! - EUROPEAN P1020. TEN-MONTH LOW: Plunge in European P1020 premiums continues; interest for 2023 contractual volumes emerges (From October 21).
5. ALERT! - EUROPE SLAB. SOME SLAB PREMIUMS GAP DOWN: European 1XXX/8XXX slab premiums plummets as demand weakens (From October 25).
6. EUROPEAN BILLET ALERT. European spot billet premiums fall further (From October 21). To see our full European Billet Market Intel and Premiums assessment, please subscribe to our specialized European Billet Intelligence Report.