Japanese buyers have set the premium for aluminum shipments for the January-March period at $90 per tonne, marking a 7% decrease from the previous quarter. This adjustment reflects the ongoing weak demand in the market.
According to Reuters, citing six sources, this newly agreed premium is lower than the $97 per tonne set for the fourth quarter. It is also the lowest level recorded since the first quarter of 2023, indicating a notable shift in the market dynamics.
Japan, being Asia’s largest importer of aluminum, plays a crucial role in setting the benchmark for the region. The premium, which is determined over and above the spot price on the London Metal Exchange, is a key indicator of market trends and demand in Asia. 
