According to a Reuters update, some Japanese aluminium buyers have agreed to pay a 45 per cent higher shipment premium than previously agreed for the July-September quarter.
In early July, some Japanese aluminium buyers agreed to pay only $118-119 per tonne of premium for the third quarter’s shipments. That was 36 to 37 per cent less than the premium of $185 to $190 per tonne offered by some global producers for Q3.
However, in recent negotiations, Japanese buyers have raised their premium offers to $172 per tonne for the September quarter’s shipments, up 16 to 19 per cent from $145-148 per tonne paid in the April-June quarter but down from the initial offers of $175-190 per tonne made by global producers.
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