Global aluminium premiums were supported amid continued LME spreads in contango with premiums in Rotterdam and the United States hitting a four-month high during the week to Tuesday August 5, while improved demand also strengthened the main Japanese ports (MJP) premium level.
Rotterdam premiums rise to four-month highs; premiums in other European regions also increaseUS Midwest premium touches four-month high; demand recovers graduallyMJP increases on improved market sentimentSouth Korea premiums unchanged amid slow tradePremiums in Rotterdam at four-month highsThe benchmark LME cash/three-month spread was most recently at $38.50 per tonne, wide enough for market participants to cash and carry material and make...