MJP TALKS: Tug of war ends with small rise in Q1 Japanese aluminium premium

After a month of negotiations during which producers and Japanese buyers bargained hard to move the quarterly aluminium MJP premium in opposite directions, most of the business has concluded up 1.2% from the previous quarter’s level.

Metal Bulletin had reported some tonnages agreed at $425 per tonne cif Japan last week and this week most of the market has confirmed that they have concluded the quarterly business at that level.
The talks had begun in early December, with buyers calling for a drop in the MJP premium compared with the previous quarter’s $420 per tonne.

“Demand is slowing and we have asked for $380-390 but suppliers have not opened their cards yet,” a...

Published

Deepali Sharma

January 23, 2015

13:21 GMT

Singapore