ALUMINIUM BILLET WRAP: Premiums in US, Europe matching 2019 highs

Aluminium billet premiums in the United States and Europe rose to their highest levels since September 2019 on Friday November 20, while premiums in Brazil and Thailand maintained their stability.

  • US premium pushes higher
  • Tight supply raises premiums in Germany, Italy
  • Brazil premium steady in quiet spot market
  • Thailand premium flat, trading thin.

US premium tightens upward
Fastmarkets assessed the aluminium 6063 extrusion billet premium, delivered Midwest US, at $0.085-0.095 per lb on Friday, narrowing upward by 2.9% from $0.08-0.095 in the previous assessment on November 6.
The premium was now at its highest since it was assessed at $0.085-0.105 per lb on September 27, 2019.
Demand continued to push spot premiums upward in a tightly supplied market.
“Billet is tight. We have people asking for more and more billet,” one producer said.
“Billet premiums have risen and I suspect they will continue to rise,” a second producer added.
And an extruder said: “Our business is picking up.”

But extruders were still having difficulty in securing labor to operate their plants. “Extruders tell...

Published

Justin Yang

Karen Ng

Renato Rostás

Michael Roh

November 20, 2020

20:25 GMT

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