Premiums in Europe and the United States continue to push higher, with market participants starting to negotiate contracts for 2022 supply.
Europe
Fastmarkets assessed the
aluminium 6063 extrusion billet premium, ddp North Germany (Ruhr region) at $1,220-1,270 per tonne on Friday August 27, up from $1,200-1,250 per tonne a week earlier and from $1,190-1,240 at the beginning of the month.
Fastmarkets' assessment of the
aluminium 6063 extrusion billet premium, ddp Italy (Brescia region) also increased to $1,220-1,270 per tonne on Friday from $1,200-1,250 per tonne the week before.
Spot premiums are relatively muted, with the focus on long-term negotiations for supply in 2022.
"The spot market was pretty quiet, I didn't have...