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CME Physical Aluminium Delivery Gains Traction

Metal News - Published on Wed, 16 Oct 2019

Image Source: reuters.com
Reuters reported that CME Group Inc’s physical delivery of aluminium has gained traction since September after expanding its warehousing network beyond the United States into Europe and Asia, fuelled by growing liquidity in Asian market. Mr Young-Jin Chang, CME’s Global Head of Metals told Reuters that “We are starting to see actually more and more materials coming into our warehouses, adding more stocks of the light metal were expected in Asian locations.”

Aluminium stocks at Asian warehouses in Malaysia and Singapore stood at 13,500 tonnes as of October 10, data from CME showed, accounting for more than 70% of its whole 19,221 tonne inventory. Ports at three European countries in Spain, Belgium and The Netherlands had no inventory on Thursday.

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Posted By : Rabi Wangkhem on Wed, 16 Oct 2019
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