GLOBAL ALUMINIUM BILLET WRAP: Rusal uncertainty lingers after month of steady premiums

摘要

Aluminium billet premiums in Europe and the United States were largely steady, but market participants expect that continued uncertainty about the US government's sanctions against Rusal could cause premiums to soar in the weeks ahead.The premium in Germany for prime-quality billet delivered duty-paid on a spot basis into the Ruhr region with 30-day payment stayed at $520-560 per tonne on Friday August 31, With 2019 contracts up for negotiation soon, market participants believe that, if the Rusal situation is not resolved by late September, then the billet market could jump.