Japan heads for 115 dollars settlement on Q4 AI premiums

摘要

Japanese fourth-quarter aluminium premiumtalksareheadingtowards a conclusion, with the majority of deals concluded so far at between 115 dollars and 120 dollars per tonne. In thethird quarter, contracts were agreed at 75-78 dollars pertonne. Buyers were expected to agree a three-figure premium overthe LME cash price, and the deals so far reflect the aggressive position taken bysuppliersinthe negotiations amid tightsupply in the Asian market.