CME Group’s AUP Midwest aluminum premium futures forward curve weakened slightly during the week ended Aug. 30, even as spot market remains close to record highs and freight concerns remain intact. Backwardations have steepened throughout the curve on ongoing supply and logistics concerns thru the fourth quarter and ahead of contract season. The labor and …

The post US aluminum futures trading cautious as backwardation steepens into 2022 first appeared on Hellenic Shipping News Worldwide. Source