NEWSBREAK: First MJP aluminium Q1 2021 deal concludes at $125/t – sources

The first deal for the supply of aluminium to main Japanese ports (MJP) for the first quarter of 2021 has concluded at a premium of $125 per tonne cif MJP, multiple sources told Fastmarkets on Monday November 30.

The deal was for 6,000-9,000 tonnes of aluminium ingot in total for January-March delivery, with 2,000-3,000 tonnes to be delivered each month, and is on top of the London Metal Exchange cash price.

This quarter’s inaugural MJP deal was concluded between a trader and an Asia-based end...

Published

Karen Ng

November 30, 2020

11:50 GMT

Singapore