Raw materials to record backwardationdue to Russia sanction fears

In One Chart wrote a column · Mar 3, 2022 12:27

Foreign refiners are seeking alternatives to Russian products while trading houses can't find buyers for cargoes. On Wednesday, $Alcoa (AA.US)$, the largest U.S. aluminum producer, said it will halt raw-material purchases from Russia.

Raw materials to record backwardationdue to Russia sanction fears

$S&P 500 Index (.SPX.US)$ $PHLX Oil Service Sector Index (.OSX.US)$ $Oil & Gas Drilling (LIST2274.US)$ $Aluminum (LIST2211.US)$

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