is 20.20% higher than the second-quarter benchmark of $148-149 per tonne and more than double the third-quarter of 2020
which settled at $75-79 per tonne cif MJP. The premium has risen for the past four quarters following a 14.29% rise to $88 per tonne in the fourth quarter of 2020.
The sharp rise in this quarter’s premium comes after most producer deals were concluded at $185 per tonne after first offers were heard in mid-May
at $180-190 per tonne.
The range is significantly larger than previous quarters with a wide spread of deals reported to Fastmarkets throughout the quarter. Producer-to-consumer deals were concluded at $185 per tonne but trader-to-consumer deals concluded mostly at $172 per tonne.
Fastmarkets’ methodology allows for trader deals to be included in the settlement of the quarterly...