GLOBAL ALUMINIUM WRAP: Asian, US, and Italian premiums rise on bullish sentiment

Aluminium premiums worldwide have broadly risen this week, fulfilling the expectation that global premiums would move as the month progresses.

  • Asian premiums rise in response to quarterly MJP settlement
  • Rotterdam premiums remain flat but rising interest rates expected to push up quotations
  • US premiums tick up on higher transport costs, speculation about Section 232 inquiry
  • Brazilian premiums unchanged again

Premiums in Taiwan, Singapore and Malaysia rise; Japan and China steady

Aluminium premiums in Taiwan, Singapore and Malaysia rose this week as market participants pegged higher numbers following the settlement of the first quarter 2018 main Japanese ports (MJP) premium at $103 per tonne - marking a quarter-on-quarter increase of 9%.
Support is seen from sellers who are in no hurry to sell on limited availability for January shipments. But slow spot trading at the start of the new year and possibly up until the Lunar New Year holidays in mid-February could still result in slight downward pressure on premiums in the near term, sources said.

“We are fully booked for January...


Danielle Assalve

Echo Ma

Kirk Maltais

Vivian Teo

Justin Yang

January 10, 2018

03:30 GMT

São Paulo, Shanghai, New York, Singapore, London