
According to a Reuter’s report, Japanese aluminium buyers will pay 17 percent and 19 percent lower imports premiums for January to March, from $103 per tonne in the previous quarter.
This marked the second consecutive quarterly drop and the lowest since the fourth quarter of 2016. It is also lower than the initial offers of $91 to $93 a tonne made by producers.
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The deals were mainly done at premiums of $85 per tonne, with a few deals done at $83 and $84, the sources said.
Premiums for aluminium shipments to Japan for the quarter were agreed to at their lowest in more than two years as spot premiums fell amid ample supply.
Japan is Asia’s biggest importer of aluminium and the premiums PREM-ALUM-JP for primary metal shipments it agrees to pay each quarter over the benchmark London Metal Exchange cash price set the benchmark for the region.
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