Metal Bulletin assessed the spot cif Japan premium at $100-120 per tonne this week, a rise of $5 at the higher end.
In Singapore and Johor, premiums were stable at $80-105 per tonne on an in-warehouse basis this week.
South Korea cif premiums were assessed at $95-120 per tonne, a rise of $5 at the higher end.
“The panic that had set in over the past few months resulting in the plunge in premiums has passed,” a trader in Japan said.
“The spot Japanese market is very gradually rising,” the...