23 SEPTEMBER 2018http://www.kitco.com
Some Japanese aluminium buyers agree Q4 premium at $103/T, down 22 pct Q/Q -sources
Edited by : AL CIRCLE
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Some Japanese aluminium buyers have agreed to pay a global producer a premium of $103 per tonne for shipments in the October to December quarter, reflecting lower spot premiums, two sources directly involved in pricing talks said on Wednesday.
The premium is 22 percent lower than the $132 per tonne premium in the current quarter and follows three quarters of rising premiums. Japan is Asia's biggest importer of aluminium 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.
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