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Last Trade - 14/05/21

Basic Materials
Large Cap
Market Cap £99.32bn
Enterprise Value £103.19bn
Revenue £31.65bn
Position in Universe 13th / 1826

Japan buyers agree to pay Q2 aluminium premiums of $148-149/T -sources

Wed 31st March, 2021 5:00am
TOKYO, March 31 (Reuters) - The premiums for aluminium
shipments to Japanese buyers for April to June were set at
$148-$149 a tonne, up 14-15% from this quarter, on a tight
container market and recovery in demand from a pandemic-induced
slump, four sources directly involved in pricing talks said.
    The April-June premiums are the highest since the same
quarter in 2015. In January to March, the premium was $130 per
tonne. This is a third consecutive quarterly rise in premiums.
    Japan is Asia's biggest importer of the light metal and the
premiums  PREM-ALUM-JP  for primary metal shipments it agrees to
pay each quarter over the London Metal Exchange (LME) cash price
 CMAL0  set the benchmark for the region.

 (Reporting by Yuka Obayashi; Editing by Himani Sarkar)
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