Volumes traded on the CME's European aluminium futures premiums contract recorded positive figures for May, attributed to participants looking to position following the US sanctions on Rusal.
The duty-paid premium contract rebounded tenfold against continued strength in duty-unpaid volumes, while the duty-unpaid futures were steadily high. In May, 1,785 lots of the Rotterdam duty-paid aluminium premium futures contract were traded, rallying from April's low of 174 lots - which was the lowest since February 2017. The duty-unpaid futures contract has kept strength at 2,804 lots traded for May, down...