Japanese aluminium buyers recently agreed to pay premium above $170/t for Q3 shipments

In early July, some Japanese aluminium buyers agreed to pay only $118-119 per tonne of premium for the third quarter’s shipments. That was 36 to 37 per cent less than the premium of $185 to $190 per tonne offered by some global producers for Q3.

However, in recent negotiations, Japanese buyers have raised their premium offers to $172 per tonne for the September quarter’s shipments, up 16 to 19 per cent from $145-148 per tonne paid in the April-June quarter but down from the initial offers of $175-190 per tonne made by global producers.