TOKYO, July 5 (Reuters) - Japan's aluminium premiums for April-June shipments were set at $90 to $93 per tonne, down 19 to 23 percent from the previous quarter, on falling spot premiums at home and abroad as well as higher local inventories, six sources directly involved in the talks said. deal marks the first fall since the October to December quarter of 2015 and a drop from a premium of $115 to $117 a tonne PREM-ALUM-JP in the previous quarter.
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 CMAL0 set the benchmark for the region.
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
$115-117 $90-93
2015 $425
$380
$100
$90
2014 $225
$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