Very low bids in Europe not taken seriously
- Market conditions aggressive in Spain
US premium holds at all-time low
Brazilian market uneventful
Thailand premium steady
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...