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TABLE-Japan aluminium buyers to pay 2 pct higher July-September import premiums

Published 29/06/2018, 08:38 pm
© Reuters.  TABLE-Japan aluminium buyers to pay 2 pct higher July-September import premiums
RUAL
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TOKYO, June 29 (Reuters) - Japanese aluminium buyers will pay 2 percent more in import premiums in the July to September quarter on higher spot premiums in the United States and supply uncertainty caused by sanctions on Rusal 0486.HK , four sources directly involved in the pricing talks said.

The aluminium premium PREM-ALUM-JP was set at $132 per tonne for metal to be shipped in the third quarter, up from $129 per tonne in the previous quarter. is Asia's biggest importer of aluminium 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 basis:

Q1

Q2

Q3

Q4

2018

$103

$129

$132

2017

$95

$128 $118-119

$94-95

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

<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Japan Q3 aluminium premiums set at $132/T, up 2 pct Q/Q-sources

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