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Aluminium Producer Seek Premium of USD 85 from Japan Buyers

Metal News - Published on Wed, 03 Jun 2020

Image Source: Aluminium
Reuters reported that a global aluminium producer has offered Japanese buyers a premium of USD 85 per tonne for July-September primary metal shipments, up 3.7% from the current quarter. For the April-June quarter, Japanese buyers agreed to pay a premium of USD 82 per tonne PREM-ALUM-JP, 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 cash price set the benchmark for the region.

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Posted By : Yogender Pancholi on Wed, 03 Jun 2020
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