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.
Aluminium premiums edge higher; market prepares for Berlin
- 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
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...