NEWSBREAK: Two Q2 MJP aluminium deals done at $105/t

A Japanese consumer has concluded deals with two major aluminium producers for April-June delivery to main Japanese ports (MJP) at a premium of $105 per tonne cif over the London Metal Exchange cash price, the consumer confirmed to Fastmarkets on Wednesday March 6.

The consumer booked 2,000 tonnes per month of aluminium from one producer and another 250 tpm from the other producer, he said. Several market sources told Fastmarkets on March 5 that they had heard of deals concluded at a premium of $105 per tonne cif MJP but this could not confirmed at the time. The premium of $105 per tonne...


Hui Li

March 06, 2019

08:15 GMT