Stable contangoes on the London Metal Exchange helped push the Rotterdam duty-unpaid aluminium premium to its highest since June 28, 2018.
Fastmarkets assessed the benchmark Rotterdam P1020 premium at a near 10-month high of $87-97 per tonne Monday April 1, up $2 per tonne from last Friday's assessment of $85-95 per tonne. Multiple deals were reported on Monday at premiums of $90-100 per tonne, which moved the assessment range higher. Although deals have been reported at premiums of around $100 per tonne in the...