Premiums for duty-paid aluminium in Rotterdam rose on Tuesday November 17, with a wider contango on the London Metal Exchange and improved demand supporting the increase. Premiums were flat elsewhere in the world.
Rotterdam duty-paid premium returns to levels seen at the end of October United States premiums steady with market fundamentals supportive Main Japanese ports (MJP) premium flat with market focused on 2021 negotiations Brazil premiums unchanged on end of 2020 quota Rotterdam duty-paid premium rebounds on wider spreads, steady liquidityMarket participants said the return of a steadier contango and more demand for duty-paid compared with duty-unpaid material has helped push premiums slightly higher. Deals have been mostly reported above the $130-per-tonne level in the past two...