NEWSBREAK: Early MJP aluminium Q3 premium offer at $180-190/t - sources

Third-quarter 2021 supplies of aluminium to main Japanese ports (MJPs) are on offer at a premium of $180-190 per tonne over the London Metal Exchange cash price, market participants told Fastmarkets on Monday May 17.

The producer offer is 24.6% higher than the cif MJP premium for the second quarter, which settled at $148-149 per tonne.
Third-quarter negotiations in 2020 were settled at $75-79 per tonne in July last year - significantly lower than the current offer.  

The aluminium arbitrage window to China, which has been open since April 29 of this year, was the main driver of...


Karen Ng

May 17, 2021

13:01 GMT