Major aluminium producers have offered Japanese buyers premiums of USD 310-325 per tonne for primary aluminium shipments in the October-December quarter. The bar is 18-22 per cent lower than the USD 395 per tonne premium agreed for the current July-September quarter. The premium paid by Japanese...
Canada will raise tariffs on US steel and aluminium to 50 per cent from September 8 as part of a CAD 27.6 billion (USD 19.88 billion) retaliatory package, while Ottawa introduces CAD 7.5 billion (USD 5.4 billion) in support for workers and businesses affected by the trade dispute. Canada will...
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Aluminum buyers in Japan, Asia’s biggest importer, will probably win their first reduction in three quarters for fees they pay to producers after premiums in the U.S. and Europe slumped, three executives said. Premiums for the three months starting in October are likely to fall to the lowest level...
Customers of CCL Container Inc. in Hermitage know that aluminum prices have tanked worldwide. Not surprisingly, they ask for lower prices when buying aluminum bottles they'll fill with suntan lotion, hair spray, energy drinks and beverages. “They want a price cut. It creates some confusion in the...
Negotiations for term premiums for primary aluminum exported to Japan in the fourth quarter are expected to start Thursday or Friday after one overseas supplier makes an offer to Japanese buyers, sources said Wednesday. The negotiations take place amid falling spot premiums in Europe and North...
Proposed rule changes for industrial metals warehouses and increased scrutiny by regulators are likely to unleash stored aluminium, adding to the global surplus and forcing more smelters to shut. The new rules will slash the profitability of financing deals that have locked up metal in London Metal...
CME Group, the world's leading and most diverse derivatives marketplace, today announced the first Aluminum MW U.S. Transaction Premium Platts (25MT) Futures (AUP) contracts were traded on Thursday 8 August. This trade was brokered by Jeffries Bache. Yesterday's trade was a 54 lot strip transaction...
Nirmal Bang has come out with its fundamental outlook on base metals. The research firm do not expect any major rise in the prices of metals on account of weak physical demand and higher supplies. Aluminium in particular can be sold on rallies, says Nirmal Bang. Industrial metals prices rose,...
The rates to obtain aluminum tumbled the most in 20 months in Europe last month and retreated from a record in the U.S. as lawmakers and regulators scrutinize long lines for metal that buyers say raised their overheads. The surcharge added to the price of aluminum for immediate delivery on the...
United Co. Rusal, the world’s biggest aluminum producer, said elevated premiums are supported by demand and financing deals as the London Metal Exchange tries to ease backlogs in its warehouses that drew complaints from users including MillerCoors LLC. The LME, which oversees more than 700...
Platts Chinese import premiums for Good Western aluminum edged up Wednesday to $245-250/mt CIF plus LME cash from $230-250/mt last week, as Chinese buying interest picked up on the back of weaker London Metal Exchange prices this week, industry sources said. Chinese import queries have increased as...
The premium aluminum buyers are expected to pay for supplies in the U.S. fell for a second week as lawmakers stepped up scrutiny of bank involvement in warehousing, according to Harbor Intelligence. The premium slipped to 11.5 cents to 12 cents a pound this week, from 11.8 cents to 12 cents a pound...
Japan’s term aluminium premiums for shipments between July and September were mostly set around $250 per ton, compared with $248 to $250 in the previous quarter, four sources directly involved in the talks said on Friday. Japan is Asia’s biggest importer of aluminium and the premiums for its...
Two aluminum buyers in Japan, Asia’s biggest importer, agreed to keep fees paid to producers steady in the third quarter, according to three executives with direct knowledge of the negotiations. The premium will be $249 a metric ton over the price of aluminum for immediate delivery on the London...
Midwest aluminum premiums rose slightly over the past week amid concerns about metal supplies as material continues to be tied up in financing deals at the warehouses. AMM's Midwest aluminum premium narrowed to 11.5 to 12 cents per pound from 11 to 12 cents previously. There were some reports of...
Rio Tinto Alcan has written to Japanese buyers asking for a premium of $254 per tonne over the LME cash price for July-September primary aluminium shipments, a source involved in quarterly pricing talks said on Tuesday. That compares with average premiums of $248 to $250 a tonne in the previous...
Aluminium Bahrain has posted Q1 sales of $498m, up by $2m on the same period for 2012 ($496m). Net income almost doubled from $57m in 2012 to $108m – an increase of 89% – and CEO Tim Murray attributed the company’s success to strong operational performance but also Alba’s ability to ‘capitalise on...
Japanese buyers have agreed to premiums for some April-June aluminium shipments at $248-$249 per tonne, up from the previous quarter and in line with increased demand after the winter slowdown, sources involved with trade talks. Other buyers are still holding out, aiming to settle at premiums as...
Two Japanese buyers of aluminum and three global producers have agreed to set Japan's import premium at $248/mt plus London Metal Exchange cash, CIF basis, for second quarter shipments to the country, buyer sources said Monday. The Q1 contract premiums were at $240-245/mt plus LME cash, CIF Japan....
One global aluminum smelting company asked two buyers in Japan, Asia’s biggest importer, for a 6.3 percent increase in the premium they pay over London Metal Exchange prices, three executives directly involved in the negotiations said. The company offered to sell aluminum at $255 a metric ton over...
