NEWSBREAK: First producer MJP aluminium Q2 deals conclude at $149/t

The first deals for the supply of aluminium ingot to main Japanese ports (MJP) for the second quarter have been concluded at a premium of $149 per tonne cif MJP, market sources told Fastmarkets on Tuesday March 2.

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...


Karen Ng

March 02, 2021

10:56 GMT