ALUMINIUM WRAP: Weak demand, Dec-Jan backwardation pull premiums lower

摘要

Global aluminium premiums declined further in the week ended Tuesday October 23 after sellers found little incentive to hold metal amid a looming year-end backwardation on the London Metal Exchange and weak spot demand.? US premium falls while suppliers rush to move metal ahead of year-end backwardation? European premiums slide amid limited spot trades with consumers long on metal? Spot MJP premium falls to lowest level since late 2016? Election uncertainty in Brazil weighs on premiums