Japan’s buyers face higher premiums for Q1 2025
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Update time : 2024-12-02 19:15:02
Global aluminum producers have offered Japan’s buyers a premium of US$230-260 per ton for shipments from January to March 2025, an increase of 31.4%-48.6% from US$175 per ton from the October-December quarter this year.
A market participant pointed out that this move may increase the demand for ingots from Asian steel rolling mills outside China and reflect that the spot premium in Japan is close to US$200 per ton.
Currently, quarterly pricing negotiations between Japanese buyers and global suppliers such as Rio Tinto and South32 have begun and are expected to continue until later next month.
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