TOKYO, July 16 (Reuters) - Some Japanese aluminium buyers have agreed to pay two global producers a premium of $172 per metric ton over the benchmark price for shipments in July to September, up 16%-19% from the previous quarter, two sources involved in the pricing talks said.
The figure is higher than the $145-$148 per ton paid in the April-June quarter and the initial offers of $175-$190 per ton made by producers.
Japan is a major Asian importer of the light metal and the premiums PREM-ALUM-JP for primary metal shipments it agrees to pay each quarter over the benchmark London Metal Exchange (LME) cash price CMAL0 set the benchmark for the region.
News: RIO Some Japan buyers agree to pay Q3 aluminium premium of $172/T, up 16%-19% from Q2
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$117.23 |
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