Platts
Japan Q2 aluminum premiums settle at $115-127/mt plus LME, up from Q1
Edited by : AL CIRCLE
1 min read
Premiums for primary aluminum to be exported to Japan in the second quarter of 2012 have settled at $115-127/mt plus London Metal Exchange cash CIF Japan, up from $112/mt plus LME cash CIF Japan for Q1, according to Platts assessments.
Platts has confirmed six settlements at $115/mt plus LME cash CIF Japan, 10 at $121/mt, three at $122/mt, one at $127/mt and one at $135/mt, for over 500 mt/month shipments of standard 99.7% ingot, sows or T-bars.
The $135/mt deal was determined to fall outside the Platts specification, which reflects the repeatable, tradable premium level, where repeatable trade would occur between unrelated counterparties for volumes over 500 mt/month.
Separately, there were over 10 deals reported at $117/mt, $120/mt and $127/mt plus LME cash CIF Japan. Platts has not been able to confirm details such as shipment volumes, and these reported deals were not accounted for in the assessments.
Platts has confirmed six settlements at $115/mt plus LME cash CIF Japan, 10 at $121/mt, three at $122/mt, one at $127/mt and one at $135/mt, for over 500 mt/month shipments of standard 99.7% ingot, sows or T-bars.
The $135/mt deal was determined to fall outside the Platts specification, which reflects the repeatable, tradable premium level, where repeatable trade would occur between unrelated counterparties for volumes over 500 mt/month.
Separately, there were over 10 deals reported at $117/mt, $120/mt and $127/mt plus LME cash CIF Japan. Platts has not been able to confirm details such as shipment volumes, and these reported deals were not accounted for in the assessments.
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