Some Japan buyers agree Q1 aluminium premium 30% higher than Q4 -sources

Reuters12-16

TOKYO, Dec 16 (Reuters) - Some Japanese aluminium buyers have agreed to pay a global producer a premium of $228 per metric ton over the benchmark price for shipments from January to March, up 30% from this quarter, two sources directly involved in the talks said.

The fourth consecutive quarterly increase, the figure exceeds the $175 per ton paid in the quarter from October to December.

Japan is a major Asian importer of the light metal and the premiums for primary metal shipments it agrees to pay each quarter over the benchmark London Metal Exchange $(LME.UK)$ cash price set the yardstick for the region.

(Reporting by Yuka Obayashi; Editing by Clarence Fernandez)

((Yuka.Obayashi@thomsonreuters.com; +813-4520-1265;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment