NEWSBREAK: Fastmarkets settles Q3 MJP aluminium premium at $75-79/t

Fastmarkets has settled the benchmark premium for the supply of aluminium to main Japanese ports (MJP) in the third quarter of 2020 at $75-79 per tonne over the London Metal Exchange cash price.

The premium is 6% lower than the second-quarter benchmark of $82 per tonne and significantly lower than the third-quarter of 2019 which settled at $108 per tonne cif MJP.
The sharp drop was driven by the evaporation of end-consumer demand following global Covid-19 lockdowns while aluminium smelters continued to produce ingots.
Deals were reported in a wide range this quarter with the lowest reported at $60 per tonne and the highest at $85 per tonne.

The number of deals,...

Published

Alice Mason

Karen Ng

July 15, 2020

12:51 GMT

Singapore, London