Some Japan buyers agree Q1 aluminium premium 30% higher than Q4 -sources

TOKYO, Dec 16 (Reuters) – Some Japanese aluminium buyers have agreed to pay a global producer a premium of $228 per metric ton over the benchmark price for shipments from January to March, up 30% from this quarter, two sources directly involved in the talks said.

The fourth consecutive quarterly increase, the figure exceeds the $175 per ton paid in the quarter from October to December.

Japan is a major Asian importer of the light metal and the premiums <PREM-ALUM-JP> for primary metal shipments it agrees to pay each quarter over the benchmark London Metal Exchange (LME) cash price set the yardstick for the region. (Reporting by Yuka Obayashi; Editing by Clarence Fernandez)

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