ALUMINIUM BILLET WRAP: 2022 contract negotiations support record-high premiums

Aluminium billet premiums mostly rose on Friday September 24, setting new record highs or being supported at such levels, as more expensive offers for 2022 negotiations advanced.

Europe
Fastmarkets assessed the aluminium 6063 extrusion billet premium, ddp North Germany (Ruhr region) at $1,350-1,400 per tonne on Friday, up from $1,320-1,370 per tonne a week prior and from $1,220-1,270 per tonne a month earlier.
Fastmarkets’ assessment of the aluminium 6063 extrusion billet premium, ddp Italy (Brescia region) also increased to $1,350-1,400 per tonne on Friday from $1,320-1,370 per tonne one week earlier.
“The spot market is not so much liquid,” a producer in Europe said. "People are focusing more on [the first quarter], and figures for [that period] are at $1,500 [per tonne]. [This] is very easy to achieve, especially for Italy.”
Other producers noted that discounts are hard to get, with spot premiums continuing to move up.
"You cannot buy peanuts in Italy at $1,300 per tonne," a second producer in Europe said.

Market participants...

Published

Justin Yang

Renato Rostás

Liz Ng

Yasemin Esmen

September 24, 2021

19:15 GMT

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