TOKYO, March 29 (Reuters) - Japan's aluminium premium for shipments in the April to June quarter was set at $128 per tonne, as higher overseas prices pushed spot premiums in Japan higher, five sources involved in the quarterly pricing talks said on Wednesday. is Asia's biggest importer of aluminium and the premiums, which consumers pay to producers on top of the London Metal Exchange cash price CMAL0 for primary metal shipments, set the benchmark for the region.
The new premium is 35 percent higher than the $95 per tonne premium PREM-ALUM-JP in the previous quarter and is the second quarterly increase in a row and the highest in two years.
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
2017 $95
$128
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