The rationale was corrected to show that no liquidity was reported to Fastmarkets.
The rationale for MB-AL-0302 aluminium 6063 extrusion billet premium, ddp North Germany (Ruhr region), $/tonne, after amendments is as below:
One offer for undisclosed tonnage was reported at $510-580/t and a second at $550-600/t.
One participant assessed the market at $500/t, a second at $500-530/t, a third at $500-540/t, a fourth at $500-550/t, a fifth at $540/t and a sixth and seventh at $530-550/t.
No new liquidity was reported to Fastmarkets.
Billet premium in Germany unchanged this session.
Offers reported as high as $600/t with participants noting uptick in sentiment and rising input costs amid further increases to P1020 premiums in Rotterdam.
But lack of liquidity reported and others seeing lower levels achievable caps any move to premium for now.
Fastmarkets to continue to assess in coming sessions whether higher levels are reflective across the open and competitive market.
Fastmarkets assesses the average differential between in-warehouse Rotterdam and delivered Germany at $50/t.
For more information, or to provide feedback on this correction notice, or if you would like to provide price information by becoming a data submitter to these prices, please contact Laura Roberts by email at: pricing@fastmarkets.com. Please add the subject heading: “FAO: Laura Roberts Re: billet premium, ddp North Germany.”
Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.
To see all Fastmarkets’ pricing methodology and specification documents, go to the Fastmarkets Methodology.
