Some Japanese Importers Have Finalized Aluminum Premiums In The Second Quarter At $105/ton

- Mar 13, 2019-

According to foreign news on March 11, four sources directly involved in pricing negotiations said on Monday that some Japanese importers agreed to finalize the import of aluminum in the second quarter at $105 per ton, reflecting the current rise in domestic spot premiums. This is the first increase in premiums since the third quarter, which is 24%-27% higher than the 83-85 US dollars per ton in this quarter. The producer initially expected aluminum liters at $109-112 per ton. 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. “We last week we and the two global producers set the premium at $105/ton,” a source from the end user said. He said: "The reduction in China's aluminum semi-finished products exports is the reason behind the tightening of supply in the Asian market. These semi-finished products can be re-melted into primary aluminum."