Global aluminum producer seeks Q3 premium of USD85/t from Japan buyers
2020-06-02 10:18:13 [Print]
A global aluminum producer has offered Japanese buyers a premium of USD85/t for July-September primary metal shipments, up 3.7% from the current quarter, three sources directly involved in quarterly pricing talks said on Monday.
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 April-June quarter, Japanese buyers agreed to pay a premium of USD82/t, down 1.2% from the prior quarter and booking the lowest since the October-December quarter in 2016.
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 April-June quarter, Japanese buyers agreed to pay a premium of USD82/t, down 1.2% from the prior quarter and booking the lowest since the October-December quarter in 2016.
Aluminum Ingot 99.7%min In warehouse Wuxi
Unit:RMB/mt
China primary aluminum producers' inventory statistics by province by month
Unit: mt
