Bristol Stock- Japan buyers agree to pay Q3 aluminium premium of $185/T -sources
TOKYO, June 11 (Reuters) – The premium for aluminium shipments to Japanese buyers for July to September was set at $185 a tonne, up 24% to 25% from this quarter, as global demand picked up after a pandemic-induced collapse, five sources directly involved in pricing talks said.
The figure is higher than the $148 to $149 a tonne paid in the quarter from April to June, marking the fourth consecutive quarterly increase and the highest since the April-June quarter in 2015.
Japan is Asia’s biggest 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) cash price set a regional benchmark. (Reporting by Yuka Obayashi; Editing by Clarence Fernandez)