ALUMINIUM PREMIUM SNAPSHOT: Rotterdam dp premium jumps 10% in cautiously bullish market

Key data from the Friday May 22 pricing session in London.



Key Drivers

There were fewer producer offers and more demand from participants looking to secure duty-paid units. The London Metal Exchange aluminium cash/three-month spread recently traded at a $25.50 per tonne contango on Friday, narrower from as wide as wide as $37 at the beginning of the week. Concerns remain about a narrowing contango on the June/July spread, last trading at $3. Concerns about less favorable...

Published

Justin Yang

Alice Mason

May 22, 2020

17:44 GMT

London