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Some Japanese buyers agree Q2 aluminium premium at $148-$149/T -sources

Thu 4th March, 2021 8:33am
TOKYO, March 4 (Reuters) - Some Japanese aluminium buyers
have agreed with a global producer to pay a premium of $148 and
$149 a tonne for April-June shipments, up 14-15% from this
quarter, four sources directly involved in the pricing talks
said on Thursday.
    The figures are higher than the $130 a tonne premiums paid
this quarter and mark a third consecutive quarterly increase.
The talks with other producers are still continuing, the sources
    Japan is Asia's biggest importer of the metal and the
premiums 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 David Goodman
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