NEWSBREAK: MJP aluminum Q1 2021 offer at $138/t - sources

One consumer and several trading houses in Japan confirmed they received offers for the first-quarter 2021 supply of aluminium to main Japanese ports (MJPs) from two producers at a premium of $138 per tonne over the London Metal Exchange cash price, market sources said on Friday November 27.

Offers at $138 per tonne are 57.8% higher than the cif MJP premium for the fourth quarter of 2020, which settled at $88 per tonne.

Major producers - Rio Tinto, South32, Alcoa and Rusal - are involved in...

Published

Hui Li

November 27, 2020

10:02 GMT

Shanghai