European P1020 premiums remain within their long-term equilibrium levels

HARBOR’s European in-warehouse Rotterdam P1020 ingot duty-paid spot transaction premium was confirmed today at $130–$143 per mton, unchanged from last week. Meanwhile, HARBOR’s European in-warehouse Rotterdam P1020 ingot duty-unpaid spot transaction premium was also confirmed today at $70–$85 per mton, unchanged from last week. For now, Rotterdam premiums remain inside their equilibrium ranges, supported by wider contangos in recent weeks.

More details in full report.