Some Japan buyers agree to pay 24-25% higher Q3 aluminium premium of $185/T
TOKYO, June 1 (Reuters) - Some Japanese aluminium buyers have agreed to pay a global producer a premium of $185 per tonne over the benchmark price for July-September shipments, up 24-25% from the current quarter, three sources involved in the pricing talks said.
The figure is higher than the $148-$149 per tonne paid in the April-June quarter and marks the fourth straight quarterly increase and the highest premiums since the April-June quarter in 2015.
Japan is Asia's biggest importer of the light metal and the premiums for primary metal shipments it agrees to pay each quarter over the benchmark London Metal Exchange (LME) cash price set the benchmark for the region. (Reporting by Yuka Obayashi; Editing by Himani Sarkar)
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