January 20, 2020
Executive Summary
1. US MW PREMIUM ALERT. MW spot premium between suppliers falls to… cent/lb on deep discounting by producers. (From January 16).
2. EUROPEAN P1020 ALERT. European duty-paid P1020 premium strengthens to a one- year high amid supportive LME spreads, prices, and load-out queues; further support seen ahead. (From January 15).
3. EUROPE PFA ALERT. PFA spot premiums lingering low as European automotive demand remains weak. (From January 15).
4. EUROPEAN BILLET UPDATE. Q2 contract premiums under pressure at the high end of the range; Turkey spot billet premiums decline. (From January 17).
More details in full report.