Global aluminum producers offer Q2 premiums of USD98-105/t
2020-03-05 08:49:13 [Print]
Global aluminum producers have offered Japanese buyers premiums of USD98-105/t for April-June primary metal shipments, up 18%-27% from the current quarter, two sources directly involved in quarterly pricing talks said on Wednesday.
Japan is Asia's biggest importer of the metal 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.
For the January-March quarter, Japanese buyers agreed to pay a premium of USD83/t PREM-ALUM-JP, down 14% from the prior quarter.
Japan is Asia's biggest importer of the metal 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.
For the January-March quarter, Japanese buyers agreed to pay a premium of USD83/t PREM-ALUM-JP, down 14% from the prior quarter.
Aluminum Ingot 99.7%min In warehouse Wuxi
Unit:RMB/mt
China primary aluminum producers' inventory to production ratio statistics by province by month
Unit: %
