Q2 MJP aluminium premium settles 25% higher at $105/t [UPDATED]

The premium for the supply of aluminium to main Japanese ports (MJP) for the second quarter of 2019 has settled at $105 per tonne, representing a 25% increase from the first-quarter benchmark of $83-85 per tonne.

Deals for a total of 48,850 tonnes of aluminium for April-June delivery between at least one consumer, several traders and three major producers have been reported to Fastmarkets as of Monday. This is up by 18,000 tonnes from data received as of Friday. Consumers said the premium was fair following soaring spot premiums in recent days as a...

Published

Perrine Faye

Hui Li

March 25, 2019

11:57 GMT

Shanghai, London