Aluminum Premiums Outlook Update (February 22, 2022)
1. US MW PREMIUM ALERT. CANADIAN JAM & LME PRICES: MW premium gaps up to... cent/lb (From February 14).
2. US BILLET ALERT. OFF THE PEAK: US spot billet upcharge declines sharply for first time in 9 months (From February 15).
3. EUROPE PFA ALERT. RISING: Spot PFA premiums continue to rally on H2 2022 auto demand optimism (From February 17).
4. EUROPEAN P1020 ALERT. SIGNS OF FATIGUE: European P1020 premiums unchanged amid increased availability and steep LME backwardation (From February 18).
5. EUROPEAN BILLET UPDATE. FIRST DROP: European spot billet premiums weaken for first time in over a year (From February 18). To read our full European Billet Market Intel and Premiums assessment, please see our specialized European Billet Intelligence Report.