Leading aluminium manufacturer proposes premium of $120 per tonne for Japanese buyers in Q4
On August 25, 2023, three sources directly engaged in quarterly pricing discussions revealed that a worldwide aluminium manufacturer has proposed a premium of $120 per tonne to Japanese buyers for primary metal shipments scheduled for October to December, as reported by globally recognized news agency Reuters. This figure reflects a 6 per cent decrease from the current quarter's premium.
Japan holds the title of Asia's largest importer of metal, establishing the standard for the region through the premiums it agrees to pay each quarter for primary metal shipments over the London Metal Exchange (LME) cash price CMAL0.
Japanese buyers agreed to pay a premium of $127.5 per tonne for the July-September quarter, nearly in line with the prior quarter's levels.
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