- Q1 MJP deal concluded at $103 per tonne, boosting regional spot numbers
- Benchmark European premiums tick higher, wider LME spreads push up offers
- US Midwest-delivered premium static for fourth consecutive week
- Brazil numbers also flat with consumers well covered for the year
Japan, Korea aluminium premiums rise after settlement of first Q1 MJP deal
In Japan, a major end-user has concluded a deal for aluminium supply to main Japanese ports (MJP) in the first quarter of 2018 at a premium of $103 per tonne
with a producer.
The deal was for a cargo of more than 3,000 tonnes for delivery in January-March next year, the end-user told Metal Bulletin. The $103-per-tonne premium represents a rise of 9% from the fourth-quarter premium which had settled at $94-95 per tonne.
Quarterly negotiations for MJP aluminium premiums kicked off last week between producers and end-users.
One producer had sent a letter to...