Speaking at Fastmarkets’ International Aluminium conference in Athens, Greece, Kessler said sustained high volumes during current quieter market conditions show the contracts are now well integrated into the market.
“At the end of 2017 and into 2018, there was a significant volatility spike in the aluminium market which underlined the industry’s need for the CME’s aluminium premiums suite so it could hedge its price risk more precisely,” Kessler said.
“Even though this year the volatility has been less, we are still seeing very strong volume and it shows how these products are...
