TOKYO, June 11 (Reuters) - The premium for aluminium shipments to Japanese buyers for July to September was set at $185 a tonne, up 24% to 25% from this quarter, as global demand picked up after a pandemic-induced collapse, five sources directly involved in pricing talks said.
The figure is higher than the $148 to $149 a tonne paid in the quarter from April to June, marking the fourth consecutive quarterly increase and the highest since the April-June quarter in 2015.
Japan is Asia's biggest 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 a regional benchmark.
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News: S32 Japan buyers agree to pay Q3 aluminium premium of $185/T -sources
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1 | 329000 | $2.63 |
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No. | Vol. | Price($) |
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1 | 329000 | 2.630 |
12 | 49616 | 2.620 |
24 | 230583 | 2.610 |
44 | 308610 | 2.600 |
13 | 108258 | 2.590 |
Price($) | Vol. | No. |
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2.640 | 513550 | 15 |
2.650 | 401757 | 22 |
2.660 | 112477 | 12 |
2.670 | 59043 | 8 |
2.680 | 47477 | 8 |
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