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Japan’s need for aluminum premium futures is limited, says LME chief

Posted on 30 November 2016

Japan’s need for aluminum premium futures is limited, London Metal Exchange CEO Garry Jones told the LME Tokyo Gala event Tuesday. LME launched four physically settled regional aluminum premium contracts, including Northeast Asia premium contracts for delivery to Japan and South Korea, in November 2015.
“They were launched when the market was high. Premiums have since come down and there is less demand,” Jones said. Chicago Mercantile Exchange launched a cash-settled Japan premium contract, settled against S&P Global Platts CIF Japan spot premium assessment, in December 2015………………………………………..Full Article: Source


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