Duty unpaid Al premium spread widens on focus on long term; possible rises ahead

Ranges have been widening on duty unpaid aluminium premiums in Europe, as market participants reported continuing focus on long-term contracts.

November-to-December and November-to-January spreads on the London Metal Exchange have also eased, creating room for rises at the top end of the range, some sources said. Metal Bulletin’s quotation now stands at a weighted average of $107.86 per tonne, with a range of $95-120 per tonne. The market continues to be led by trader activity, meanwhile, and remains somewhat separated from the duty paid market, where activity is dominated by producers...

Published

Claire Hack

November 17, 2015

13:10 GMT

London