ALUMINIUM BILLET WRAP: Premiums tick up in US, Europe, Brazil

Aluminium billet premiums inched up in the United States, Europe and Brazil on Friday July 31 due to stronger demand, while weak demand in Asia kept the Thailand billet premium unchanged.

  • US premium up near nine-month high
  • Italy, Germany premiums inch up
  • Brazil premium up on gradual demand recovery
  • Thailand premium holds in quiet conditions
US premium climbs
Fastmarkets assessed the aluminium 6063 extrusion billet premium, delivered Midwest US at $0.07-0.09 per lb on Friday, up from $0.06-0.09 per lb on July 17.
The premium is at its highest point since November 7, 2019, when it was $0.07-0.09 per lb.
Friday's assessment is also up 45% from the all-time low of $0.045-0.065 per lb, where it stood from March 27 to June 18. Disruptions stemming from the Covid-19 pandemic had severely eroded demand, dragging the premium down.
Sources told Fastmarkets that a billet premium below 7 cents is no longer reflective of the spot premium, with demand from the largest consuming sectors -building and construction and automotive - continuing to strengthen.

“I know if...

Published

Alice Mason

Karen Ng

Renato Rostás

Michael Roh

July 31, 2020

23:46 GMT

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