Open interest in the CME's aluminium European duty-paid premium contract hit an all-time high the end of November, boosted by efforts to lock in premiums given wide forward spreads.
The contract logged total open interest through December 2019 at 11,400 tonnes as of Thursday November 29.Fastmarkets MB assessed the spot P1020 Rotterdam duty-paid aluminium premium at $125-140 per tonne on November 30.The forward premium on...