Finalization Of Japan's Premium In The First Quarter Of 2019

- Jan 15, 2019-

According to foreign news on January 11th, a number of sources directly involved in pricing negotiations said on Friday that the aluminum premium that was shipped to Japan in January-March 2019 was finalized at the lowest level in more than two years, and the spot premium fell due to abundant supply. According to sources, most of the premiums were finalized at $85 per ton, with a few finalized at $83 and $84. The new season's premiums fell 17-19% from the previous quarter's $103, the second consecutive quarterly decline, and the lowest since the fourth quarter of 2016. The final premium was lower than the manufacturer’s earliest reported $91-93 per ton.