Reuters, citing sources involved in pricing talks, reported that premiums for aluminium shipments to Japanese buyers for April to June were set at USD 148-149 a tonne, the highest in 6 years, on a tight container market and recovery in demand from a pandemic-induced slump. Premiums rose by14-15% from Jan-March quarter''s USD 130 per tonne, making this the third straight quarterly increase and the highest premiums since the same quarter in 2015. The higher premiums reflected supply issues and rising freight costs amid a tight container market and solid demand from automakers

Japan is Asia''s biggest importer of the light metal and the premiums for primary metal shipments it agrees to pay each quarter over the London Metal Exchange cash price set the benchmark for the region.

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