TOKYO, Jan 6 (Reuters) - Japan's aluminium premiums for January-March shipments were set at $110 per tonne, up 22 percent from the previous quarter, on higher overseas rates and falling local inventory, six sources directly involved in the talks said.
The deal, which marks the first increase in four quarters and a rise from a $90 per tonne premium PREM-ALUM-JP in the previous quarter, is in line with a climb in U.S. and European surcharges for physical aluminium amid tighter availability.
Japanese premiums hit a record high of $425 in the January-March period in 2015. urn:newsml:reuters.com:*:nL4N0UZ38L
Following is a table of premiums agreed between Japanese buyers and global suppliers since 2005. (Figures are in per tonne, over cash LME, CIF):
Q1
Q2
Q3
Q4 2016
$110 2015
$425
$380
$100
$90 2014
$255
$365-370
$400-408 $420 2013
$240-245 $248-250
$250
$245-247 2012
$112
$121-122
$200-210 $254-255 2011
$112-113 $113
$120
$118 2010
$128-130 $122-124
$120
$116-118
2009
$58-62
$56-58
$75
$115-120
2008
$65
$83
$87-88
$75-76
2007
$76-77
$71-73
$68-69
$65-66
2006
$56
$60-61
$73
$82-83
2005
$86-87
$79-80
$70-72
$63