ALUMINIUM BILLET WRAP: German premium hits fresh low; premiums outside Europe unchanged

Aluminium billet premiums remained under pressure in the week ended Friday December 20 despite low liquidity ahead of the holiday break.

  • Market conditions aggressive in Spain
  • US premium holds at all-time low
  • Brazilian market uneventful
  • Thailand premium steady
Very low bids in Europe not taken seriously
The billet premium in Germany fell on Friday to a record low since Fastmarkets began pricing it in 2012. The aluminium 6063 extrusion billet premium, ddp North Germany (Ruhr region) was assessed at $280-300 per tonne from $300-320 per tonne the week before.
Some deals were heard below $250 per tonne, and liquidity remains low in the region ahead of the holiday season.
Fastmarkets assessed the aluminium 6063 extrusion billet premium, ddp Italy (Brescia region) unchanged at a record-low $270-300 per tonne on December 20.
Market participants noted that they received some bids as low as $240-250 per tonne, but this was not seen as a serious level at which business could be done.

“Some people give a bid for Christmas for fun, but...

Published

Alice Mason

Karen Ng

Renato Rostás

Michael Roh

December 20, 2019

20:52 GMT

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