The aluminum producer quoted a minimum of $100 / ton for the fourth quarter premium for aluminium in Japan
Foreign media news on September 4th, three sources revealed Monday, the global aluminum producer in the fourth quarter Japanese buyers aluminum premium quoted at a minimum of $100 per ton, down third compared to the 15%-16% in the second quarter.
Sources said, and aluminum prices quoted $110 per ton, compared with the third quarter low 7%-8%.
Japan is Asia's No. 1 aluminium importer, and its imports of raw aluminium per quarter, compared to the LME premium of aluminium, are considered regional price benchmarks.
Despite the recent surge in aluminium prices and strong demand from Japan's domestic auto industry, aluminium prices are weakening in Japan because of ample supplies from the Asian market.
One source said: "the three figure offer is too high to reflect the current spot market."." It also said that some spot transactions in the near future about 86 U. S. dollars per ton premium.
In the third quarter, Japanese buyers received an aluminum premium of $118-119 per ton, down 7%-8% from the second quarter because of a weak cash premium.
Japanese buyers and including South32 Ltd, Alcoa (Alcoa Inc) and Rio Tinto (Rio Tinto Ltd), Rusal (United Company Rusal Plc), between the mining enterprises of the quarter price negotiations began last week, negotiations are expected to continue until the end of the month.