Volumes of duty-unpaid P1020 aluminium in-warehouse Rotterdam contracts traded on the Chicago Mercantile Exchange soared year on year in January and February 2019 after macro sentiment improved and bullish attitudes resurfaced.
Duty-unpaid aluminium volumes for the period totaled an aggregate 5,285 tonnes, up by 2,735 tonnes from the 2,550 tonnes traded in January and February 2018. The increase in trades was attributed to a wide London Metal Exchange cash/three-month contango at $22.50 per...