TOKYO, Sept 30 (Reuters) - Japan's aluminium premium for shipments during the October to December quarter was set at $75 per tonne, reflecting softer spot premiums, five sources directly involved in the quarterly pricing talks said. deal, which marks a 17 to 19 percent fall from the $90 to $93 per tonne premiums PREM-ALUM-JP in the previous quarter, is the second straight quarterly drop and the lowest in more than seven years.
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
$75
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