The London Metal Exchange's new aluminium duty-paid European premiums contract, which is settled againstFastmarkets' assessment, traded for the first time on Tuesday July 20.
The cash-settled contract had more than 1,800 tonnes cleared in the LME's inter-office market at $359 per tonne for a September 2021 to April 2022 period. The contract, which launched on Monday July 19, is basis Fastmarkets' aluminium P1020A premium, in-whs dp Rotterdam.All the new cash-settled futures contracts trade monthly out to...