Q3 MJP benchmark settlement nears with more deals at $108/t

Major aluminium producers and Japanese buyers are closer to reaching a premium settlement for their third-quarter aluminium supply after further deals were concluded at a premium of $108 per tonne to main Japanese ports (MJP), Fastmarkets learned on Wednesday June 12.

Confirmed deals amounting to just above 30,000 tonnes have been reported to Fastmarkets as of Wednesday, following some initial deals done on June 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 and traders, as specified in our...

Published

Karen Ng

June 12, 2019

10:00 GMT

Singapore