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Aluminum Premiums Outlook Update (September 1, 2021)

1. EUROPEAN P1020 ALERT. RALLY RESUMES: European consumers return from seasonal slow-down paying higher P1020 spot premiums (From August 25).

2. EUROPEAN BILLET UPDATE. BULLISH ENCOUNTER AFTER THE BREAK: Early Q1 contractual billet offers jump above $1,300 per mton, deals for Q2 as high as $1,350 per mton (From August 26). To read our full European Billet Market Intel and Premiums assessment, please see our specialized European Billet Intelligence Report.