More Q3 MJP deals done at $132/t; benchmark settlement nears

There have been more deals for third-quarter cif main Japanese ports (MJP) aluminium supply agreed at a premium of $132 per tonne between several buyers and more than one producers, sources involved in the quarterly negotiations said on Tuesday June 26.

The number, which could become the quarterly benchmark if more than 30,000 tonnes of business are confirmed at that level, represents a 2.3% increase from the second-quarter MJP premium, which had settled at $129 per tonne. "A few buyers including ourselves have settled at $132 so it could become the benchmark," a Japanese trader said. "The...

Published

Perrine Faye

June 26, 2018

14:52 GMT

London