All eyes on duty-unpaid Rotterdam market
- Rotterdam duty-unpaid premiums maintain upturn, with some settlements above $100 per tonne
- MJP higher despite sluggish Japanese demand; recovery expected in February
- US Midwest steady for fifth week in a row amid high stocks
- Brazilian premiums unchanged as illiquidity persists in spot market
Persistent tight supply of duty-unpaid material and supportive spreads on the LME continued to push premiums higher in Rotterdam over the past week.
Fastmarkets assessed the aluminium P1020A premium, in-warehouse dup Rotterdam
, at $95-100 per tonne on Tuesday January 14, narrowing upward by $5 per tonne from $90-100 per tonne last week.
The premium is now at a three-month peak and up from $85-95 per tonne at the start of January. But settlements have since been reported above $100 per tonne, with some deals concluding at $103 per tonne.
Some market participants expect spot premiums for duty-unpaid material in Rotterdam to...