Trade & Pricing: Europe's billet market trend 2024-2025
European aluminium billet market is beginning its new calendar year, keeping a cautious look over its shoulder, as demand remains sluggish amid hidebound buying practices, while production cuts intend to leave the supply chain vulnerable to sudden fluctuations.
Platts, part of S&P Global Commodity Insights, has publicised that the European aluminium 6060/6063 billet premium at London Metal Exchange (LME) cash plus $555 per tonne DDP Germany January 10, on net 30-day payment spans, up 46 per cent Y-o-Y, but contemplating a 12 per cent decline from 2024’s peak of $630 per tonne DDP (Delivery Duty Paid) in late August owing to softer demand.
The Italian premium was evaluated at LME cash plus $555 per tonne DDP on January 10 for net 60-day payment terms, ascending 48 per cent year-on-year but similarly declining 11 per cent from a 2024 peak of $625 per cent DDP in July.
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Entering the Chinese New Year holiday, market trading is sluggish
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