30 NOVEMBER 2015<a href= " http://www.reuters.com/article/2015/11/27/japan-aluminium-premiums-idUSL3N13M36820151127" target='_blank'> Reuters </a>
One aluminium producer seeks Q1 premium of $120/T from Japan buyers
Edited by : AL CIRCLE
1 min read
An aluminium producer has offered Japanese buyers a premium of $120 per tonne for January-March primary metal shipments, up 33 percent from the previous quarter, said sources close to industry bodies asscoiated with pricing of metals.
Japan is Asia's biggest importer of the metal and the premiums for primary metal shipments it agrees to pay each quarter over the London Metal Exchange (LME) cash price set the benchmark for the region.
For the October-December quarter, Japanese buyers mostly agreed to pay a premium of $90 per tonne PREM-ALUM-JP, down 10 percent from the prior quarter.
The latest quarterly pricing negotiations began this week between Japanese buyers and miners including Rio Tinto Ltd, Alcoa Inc and South32 Ltd, and are expected to continue next month.
Japan is Asia's biggest importer of the metal and the premiums for primary metal shipments it agrees to pay each quarter over the London Metal Exchange (LME) cash price set the benchmark for the region.
For the October-December quarter, Japanese buyers mostly agreed to pay a premium of $90 per tonne PREM-ALUM-JP, down 10 percent from the prior quarter.
The latest quarterly pricing negotiations began this week between Japanese buyers and miners including Rio Tinto Ltd, Alcoa Inc and South32 Ltd, and are expected to continue next month.
Unlock full access – sign up for FREE.
Key benefits
Find exclusive data-driven insights and in-depth analysis
Get our daily newsletter delivered straight to your inbox
Access real-time and historical price trends from global indices
Post and respond to latest business leads
Stay ahead with alerts on learning tools
...and so much more!SIGN UP / LOGIN
Previous article
LME aluminium to extend upward momentum this week
Next articleRusal to launch Boguchansk aluminium smelter in Q1 2016
Grow with
AL Circle
