Thailand has opened a new anti-dumping exporter review covering Chinese aluminium extrusions, with a provisional 21.94 per cent cash deposit rate set for the applicant. Thailand's Department of Foreign Trade has initiated a new exporter review covering aluminium extrusions from China, adding...
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...
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Negotiations for premiums for primary aluminum ingot to be exported to Japan in the third quarter have started, with Rio Tinto Alcan offering a premium of $200/mt plus London Metal Exchange cash CIF Japan, sources said Monday. A representative from a second global producer, who will be meeting with...
The European physical aluminium market was quiet this week with little activity reported by market participants although premiums rose on the back of financial trades, sources said. "Everything is going up and up. There is competition for material," one European trader said. The trader said that...
Aluminum buyers in Japan, Asia’s biggest importer, were asked to accept a 57 percent increase in fees starting in July, as supply decreased after smelters cut output and China boosted purchases. A producer offered to sell aluminum at $200 a metric ton over the London Metal Exchange cash price for...
SINGAPORE (Dow Jones)--Japan aluminum premiums will likely rise in the third quarter of 2012 as tightening supply and strengthening demand lend support to the physical market, a senior executive at Norsk Hydro ASA (NHY.OS) told Dow Jones Newswires Friday. Aluminum supply has tightened significantly...
SINGAPORE (Dow Jones)--Japan aluminum premiums will likely rise in the third quarter of 2012 as tightening supply and strengthening demand lend support to the physical market, a senior executive at Norsk Hydro ASA (NHY.OS) told Dow Jones Newswires Friday. Aluminum supply has tightened significantly...
Aluminum buyers in Japan, Asia’s largest importer, may pay a record fee to producers after China boosted purchases and global smelters cut output. Premiums for the three months starting in July may climb more than $30 from fees this quarter between $115 and $127 a metric ton over the London Metal...
Benchmark U.S. Midwest spot aluminum premiums rose above 10 cents a lb for the first time as a persistently strong spread between cash and forward prices on the London Metal Exchange continued to tie up the metal in the warehouses. The record-setting premium was also attributed to a pick-up in...
The European aluminium market saw physical premiums increase this week as supply remained tight and material continued to be tied up in warehouse and unavailable to the physical market. The higher premium levels are starting to see a growing awareness among consumers that their margins are likely...
United Co. Rusal (486), the world’s biggest aluminum supplier, is locked in to selling $43 billion of the metal to Glencore International Plc (GLEN) over seven years in a contract that’s fueling a feud among billionaire investors, four people familiar with the accord said. Glencore agreed to the...
Spot premiums for aluminum imported into Japan have gone up to $150/mt plus London Metal Exchange cash CIF Japan basis Tuesday, from plus $130-135/mt on Monday, as traders restocked ahead of the demand season, sources said. A deal for more than 500 mt of primary aluminum ingot to be shipped over...
Rising orders to draw aluminum from warehouses and higher premiums for the lightweight metal signal a tightening market even as London Metal Exchange stockpiles remain near February’s record high. Thirty-three percent of aluminum inventories monitored by the LME are awaiting delivery from...
The European aluminum market saw premiums remaining firm last week, with lower prices on the London Metal Exchange, physical tightness and the start of the second quarter bringing consumers back into the market. “The lower LME price is attracting consumer buying,” said a European trader. “There is...
Rio Tinto struggling to find spot parcels of aluminum for Asian customers, market participants say -Shortfall comes after Rio targeted Asia during fourth quarter amid positive arbitrage -Tight spot market helps push premiums up, especially in Japan By Clementine Wallop Of DOW JONES NEWSWIRES...
Japan's aluminium buyers have agreed to an average 8.5 percent hike in premiums for delivery in April to June, the first rise in three quarters, as a decrease in supply tightened the market while domestic demand showed a moderate pick up. After a sharp cutback in production capacity by producers,...
Most Japanese aluminium premiums for the second quarter have been set at $121-122 per tonne, sources said on Wednesday. One large buyer has agreed to $127 a tonne, however, one trade source said.
Premiums for P1020 aluminum have continued strengthening this week, as traders reported more deals to consumers and claimed close-freight consumers were not getting their previous discounts. The Platts premium rose another 10 points Tuesday over LME cash, moving to 8.9 cents/lb from 8.8 cents last...
Physical aluminium premiums in Europe remain firm, with tight availability of duty-unpaid metal putting a floor under the market and maintaining duty-paid premium levels at around the $200/mt level plus LME cash, market sources said this week. "There is some demand but the problem is that...
Premiums for primary aluminum to be exported to Japan in the second quarter of 2012 have settled at $115-127/mt plus London Metal Exchange cash CIF Japan, up from $112/mt plus LME cash CIF Japan for Q1, according to Platts assessments. Platts has confirmed six settlements at $115/mt plus LME cash...
