Japan's Aluminum Premium In The First Quarter Of Next Year Was Finalized At 85 US Dollars / Ton For Two Years Low

- Dec 05, 2018-

SMM News: According to foreign news on December 4, two sources involved in pricing negotiations said on Tuesday that a Japanese aluminum importer agreed to finalize the aluminum premium paid in the first quarter of 2019 at $85 per ton, the lowest in more than two years. level. This level is down 17% from the current quarter's $103 per ton, and is the second consecutive quarterly decline. This figure is also lower than the initial offer from the manufacturer of $91-93. Japan is Asia's largest aluminum importer, and Japanese buyers agree to pay a premium on the London Metal Exchange (LME) spot price each quarter, becoming the Asian price indicator. Japanese buyers and global producers such as Rio Tinto, South32 Ltd and Alcoa began price negotiations last month. Other Japanese buyers are still negotiating with global suppliers, and further details are expected to be announced at the end of this month.