Some Japan aluminium buyers agree Q3 premiums at $108/T, up 3% on qtr -sources
TOKYO, June 12 (Reuters) - Some Japanese aluminium buyers
have agreed to pay a premium of $108 per tonne for shipments in
July to September, up 3% from the current quarter, amid tighter
supply in Asia, three sources directly involved in the pricing
talks said on Wednesday.
The figure is higher than the $105 per tonne paid this
quarter and marks a second straight quarterly increase.
Producers had originally sought $115-$120 per tonne. Japan is Asia's biggest importer of aluminium and the
premiums for primary metal shipments it agrees to
pay each quarter over the benchmark London Metal Exchange cash
price set the benchmark for the region.
The latest quarterly pricing negotiations began late last
month between Japanese buyers and global smelters, including Rio
Tinto Ltd and South32 Ltd, and are
expected to continue until later this month.
(Reporting by Yuka Obayashi; Editing by Tom Hogue)
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