Q2 MJP benchmark settlement nears with more deals done at $105/t

Major aluminium producers and Japanese buyers are closer to reaching a premium settlement for its second-quarter aluminium supply after further deals were concluded at a premium of $105 per tonne to main Japanese ports (MJP), Fastmarkets learned on Friday March 22.

Confirmed deals totaling just above 30,000 tonnes have been reported to Fastmarkets as of Friday, following initial deals done on March 6. To publish the quarterly MJP benchmark, Fastmarkets requires a minimum total quarterly transaction volume of 30,000 tonnes in confirmed deals from at least one consumer, three producers...

Published

Hui Li

March 22, 2019

11:09 GMT

Shanghai