NEWSBREAK: First Q2 MJP aluminium deal done at $82/t premium – sources

The first deal for second-quarter aluminium ingot supply to Japan has been concluded at a premium of $82 per tonne cif main Japanese ports (MJP), market sources told Fastmarkets on Wednesday March 11.

The deal is 1.2% lower than the first quarter benchmark, which had settled at $83 per tonne.
The $82 per tonne premium was agreed for up to 1,500 tonnes of aluminium ingot for April-June delivery and is on top of the London Metal Exchange cash price.

Aluminium premiums concluded in the second quarter are typically higher than the first quarter because it marks the start of Japan's financial year. But...

Published

Karen Ng

March 11, 2020

10:54 GMT

Singapore