Aluminum Premiums Outlook Update (February 15, 2022)
1. US MW PREMIUM ALERT. CANADIAN JAM & LME PRICES: MW premium gaps up to... cent/lb (From February 14).
2. US PFA ALERT. MORE HICCUPS: PFA demand upside momentum limited by lingering auto production issues (From February 14).
3. US WIRE ROD ALERT. STRONG AND STEADY: EC rod demand staying strong, while domestic supply increases (From February 10).
4. US SLAB ALERT. TIGHT MARKET: Slab demand seen stronger with start of auto sector recovery; supply remains tight (From February 9).
5. EUROPE PFA ALERT. MORE UPSIDE? Spot PFA premiums unchanged, but offers jump to as high as $... per mton (From February 8).
6. EUROPEAN BILLET UPDATE. CYCLE PEAK? Q2 contractual premiums seen as potential cycle peak by some extruders and suppliers alike (From February 11). To read our full European Billet Market Intel and Premiums assessment, please see our specialized European Billet Intelligence Report.