Aluminium premium futures see uptick in volumes on CME on participants positioning after Rusal sanctions

Volumes traded on the CME’s European aluminium futures premiums contract recorded positive figures for May, attributed to participants looking to position following the US sanctions on Rusal.

The duty-paid premium contract rebounded tenfold against continued strength in duty-unpaid volumes, while the duty-unpaid futures were steadily high. In May, 1,785 lots of the Rotterdam duty-paid aluminium premium futures contract were traded, rallying from April’s low of 174 lots – which was the lowest since February 2017. The duty-unpaid futures contract has kept strength at 2,804 lots traded for May, down...

Published

Justin Yang

Hassan Butt

June 04, 2018

17:37 GMT

London