off-the-wire

Global aluminium producers offer Q2 premiums of $125-$145/T -sources

Kitco Media
By Reuters
Published:
Updated:
Reuters
TOKYO, March 6 (Reuters) - Global aluminium producers have offered Japanese buyers premiums of $125-$145 per tonne for April-June primary metal shipments, up 45%-71% from the current quarter, five sources directly involved in quarterly pricing talks said.


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.


For the January-March quarter, Japanese buyers agreed to pay a premium of $85-$86 per tonne , down 13-14% from the prior quarter.
(Reporting by Yuka Obayashi; Editing by Kim Coghill)

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