Some Japanese aluminum buyers agree that the fourth quarter premium will be reduced by 22% per ton at 130 US dollars.
According to foreign news on September 19, two sources directly involved in pricing said on Wednesday that some Japanese aluminum buyers agreed to finalize the aluminum premium in the fourth quarter at $103 per ton, as spot premiums fell. This level is 22% lower than the current quarter's $132 per ton. The previous three consecutive quarters rose. Japan is Asia's largest aluminum importer, and its final price of aluminum premium is the vane of Asian aluminum prices.
News Date: Sep 20th, 2018 Reported by Doreen.