Duty-unpaid European aluminum premiums slip as ranges widen amid backwardation

摘要

European physical duty-unpaidaluminum premiums moved lower Tuesday,although reported ranges widened as thebackwardation on the front-month LMEspread deepened this week.“Premiums are all over the place with thewidest backwardation seen in the last sixyears or more,” a trader said. “If you areshort and you have stocks then you will sellso you don’t have to borrow,” he added.