GLOBAL ALUMINIUM WRAP: Premiums in Brazil, Rotterdam move higher; LME contango supports premiums

A wide contango in London Metal Exchange spreads supported aluminium premiums across the globe in the week ended Tuesday August 25, with only the premiums in Shanghai bucking the trend.

  • Rotterdam duty-unpaid premium at highest since March
  • Restocking drives up premiums in Brazil
  • Improved sentiment in Japan
  • US Midwest premium holds firm
  • Shanghai arb window closes.

Tight supply, wide contango...

Published

Justin Yang

Alice Mason

Karen Ng

Hui Li

Renato Rostás

Michael Roh

August 26, 2020

08:23 GMT

London, Shanghai, New York, Singapore, São Paulo