The first deal - at a premium of $149 per tonne to the London Metal Exchange cash price - was concluded between a producer and a Japanese trader for 500-1,000 tonnes per month from April to June, market participants said.
Market participants have heard of another producer deal concluding at $149 per tonne cif MJP for second-quarter supply, they said.
This is 41.9% higher than the settlement at $105 per tonne in the second quarter of last year and 14% higher than the...
