Transport disruptions and dampened demand due to the novel coronavirus (2019-nCoV) pandemic kept aluminium premiums steady throughout the world over the past week, while the contango in the three-month/cash price spread on the London Metal Exchange encouraged market participants to hold on to metal.
Illiquidity persisted amid lockdowns across Europe keeping premiums unchangedAsian markets waiting for quarterly negotiations to settle, with spot market uneventfulUS sees discounted deal in an otherwise muted market amid coronavirus pandemic European premiums flat on demand uncertaintyParticipants reported little business and most focused on arranging logistics...