02 OCTOBER 2019AlCircle.com
Japan Q4 aluminium premiums down 10% for October-December quarter
Edited by : Debanjali Sengupta
1 min read
Amid ample aluminium supplies in Asia and weak demand from the electronic and auto industries, premiums for aluminium shipments to Japan for October to December have been set at $97 per tonne, down 10 per cent quarter-on-quarter. The news came after three sources directly involved in the price talks said.
The figure is lower than the $108 per tonne paid in the July-September quarter, marking the first quarterly drop. It is also lower than the initial offers of $105-$115 made by producers.
Japan is Asia’s biggest importer of the light metal and the premiums PREM-ALUM-JP for primary metal shipments it agrees to pay each quarter over the benchmark London Metal Exchange (LME) cash price set the benchmark for the region.
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