CME Group Announces First Aluminium European Premium Futures Trades

CME Group (NASDAQ:CME) announced that the first Aluminium European Premium Duty-Unpaid (Metal Bulletin) futures contracts were traded on September 22 by Crunch Risk LLC.
As quoted in the press release:

A total of 10 futures contracts traded at a price of $72.50 per metric tonne.  Industry participation in the Aluminum Midwest Premium futures contract has steadily increased, trading the equivalent of more than 780,725 metric tons since their launch in April 2012 and reaching a record 19,335 contracts open interest on 1 September 2015.
Aluminium European Premium Duty-Unpaid (Metal Bulletin) futures contracts became available for trading on 21 September and are listed by and subject to the rules of COMEX.

Young-Jin Chang, senior director of metals products at CME Group, commented:

We’re pleased to see early support for our new Aluminium European Premium futures, which are an outgrowth of our existing suite of aluminium risk management tools. Based on the success of our Midwest premium futures, we worked closely with the aluminium industry to develop these contracts that enable our customers to hedge their exposure to European premium volatility.