The last offer by global producers for Q3 was $185 to $190 per tonne, compared to which the current premium is 36-37 per cent lower, standing at $118 to $119 per tonne.
As opposed to the previous quarter's premium of $128 per tonne, the third-quarter premium agreed upon is 7.8-7 per cent less, following two quarters of rising premiums. In Q2 2024, Japan's primary aluminium shipment premium was 35 per cent higher sequentially, while that in Q1 was 27 per cent more.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
