In the upcoming October-December quarter, a leading global aluminium producer has proposed a reduced premium of $120 per metric ton to Japanese buyers, marking a 6% decrease compared to the current quarter. Three sources intimately involved in the quarterly pricing negotiations revealed this development on Friday.
Japan, recognized as Asia’s primary importer of aluminium, uses the premiums it agrees upon for primary metal shipments each quarter over the London Metal Exchange (LME) cash price as a benchmark for the entire region.
During the July-September quarter, Japanese buyers reached an agreement to pay a premium of $127.5 per ton, a figure that closely mirrored the levels of the previous quarter.
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