GLOBAL ALUMINIUM WRAP: Premiums mixed ahead of Berlin conference

Global aluminium premiums moved in differing directions in the week ended Tuesday September 11, but market participants worldwide were paying close attention to any developments concerning the United States’ sanctions on Russian producer UC Rusal.

Participants were hoping that Metal Bulletin’s 33rd International Aluminium Conference in the German capital of Berlin, which begins on September 12, will provide some clarity on the issue. LME contango boosts Rotterdam duty-unpaid premium Shanghai premiums flat on ample stocks Asian market participants seek clarity on Rusal Main Japanese ports (MJP) premium makes first move for a month Brazil market uncertain because of presidential election process US begins contract negotiations but Midwest premium is steady Aluminium premiums edge higher; market prepares for Berlin Metal Bulletin’s benchmark aluminium duty-unpaid Rotterdam premium moved higher week on week on Tuesday, with recent transactions reflecting bullish sentiment in the market. The duty-unpaid premium was assessed at $85-95 per tonne on Tuesday, unchanged since the assessment on September 7, when the premium rose from $92-92 per tonne after coasting at that level for more than two weeks. Traders were now set to start price negotiations at Metal Bulletin’s flagship...

Published

Kirk Maltais

Alice Mason

Michael Roh

Hui Li

Mia Aureus

September 12, 2018

02:45 GMT

Singapore, Shanghai, London, New York