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Aluminium smelters seek higher Q2 premium from Japanese buyers- 2016 China(Guangzhou)Non-Ferrous Metals Exhibition
3/2/2016 non-ferrous metals expo |
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Reuters reported that some big aluminium producers are seeking a premium of $125-$130 per tonne from Japanese buyers for April-June primary metal shipments, up 14 percent to 18 percent from the previous quarter
For the January-March quarter, Japanese buyers agreed to pay a premium of $110 per tonne (PREM-ALUM-JP), up 22 percent from the prior quarter.
Japan is Asia''s biggest importer of the metal and the premiums for primary metal shipments it agrees to pay each quarter over the London Metal Exchange (LME) cash price set the benchmark for the region.
The latest quarterly pricing negotiations began late last week between Japanese buyers and miners including Rio Tinto Ltd , Alcoa Inc and South32 Ltd, and are expected to continue in March.
- 2016 China(Guangzhou)Non-Ferrous Metals Exhibition
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