TOKYO, July 1 (Reuters) : Japanese aluminium buyers will mostly pay record high premiums of $400-$408 per tonne over London Metal Exchange prices for July-September shipments, up 8-12 per cent from the previous quarter, four sources involved in the negotiations said.
The jump from the April-June premium of $365-$370 PREM-ALUM-JP, which marked the third straight quarterly gain, comes as smelter shutdowns and financing deals have squeezed metal supplies.
Japan is Asia's biggest aluminium importer and the premium for primary metal shipments it agrees to pay each quarter over the LME cash price sets the benchmark for the region. It imported 1.8 million tonnes of primary aluminium ingot in 2013.
An end-user source said most deals were done at $405-$408, while another end-user source said most deals were booked at $400-$405.
A source at one of the producers said most shipments were booked at $407-$408, with some deals done at $410, while another producer source said most deals were agreed near $405.
Japan Q3 aluminium premiums mostly set at record high $400-$408/T
FE Team | Published: July 02, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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