NEWSBREAK: Q4 MJP aluminium premium settles 22% lower at $103/t – sources

Premiums for the supply of aluminium to main Japanese ports (MJP) in the fourth quarter of 2018 have settled at $103 per tonne over the London Metal Exchange cash price, sources directly involved in the negotiations disclosed to Fastmarkets MB.

The latest settlement represents a 22% decrease from the third-quarter benchmark of $132 per tonne, settled at the end of June. Deals for a total of 53,000 tonnes between three major producers, two consumers and several traders for October to December delivery have been reported to Fastmarkets MB. The first fourth quarter MJP deal was concluded on September 5, when a Japanese consumer disclosed to Fastmarkets MB that he...

Published

Perrine Faye

Mia Aureus

October 01, 2018

11:22 GMT

Singapore