NEWSBREAK: Q1 2020 MJP aluminium premium settles 14.4% lower at $83/t

The benchmark premium paid for the supply of aluminium to main Japanese ports (MJP) in the first quarter of 2020 has settled at $83 per tonne on a cif basis over the London Metal Exchange cash price.

The settlement represents a decrease of 14.4% or $14 per tonne from the fourth-quarter benchmark of $97 per tonne, which was set at the end of September.

Deals for more than 50,000 tonnes between three major producers, a consumer and several traders for January-to-March delivery were directly reported to Fastmarkets by at least one side of the trades. The settlement is in line with...

Published

Karen Ng

December 30, 2019

07:30 GMT

Singapore