TOKYO, Oct 1 (Reuters) - Japanese aluminium buyers will pay 22 percent less in import premiums in the fourth quarter than the previous quarter on lower spot premiums in Asia amid ample supply, four sources directly involved in the pricing talks said.
The aluminium premium PREM-ALUM-JP was set at $103 per tonne for metal to be shipped in the fourth quarter, down from $132 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
$103
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