Japanese aluminum premium in the fourth quarter was 22% lower than that in the third quarter. The premium for Japanese aluminum shipments in October to December was at US$103/ton, and that in July to September was US$132/ton.
Japan is Asian biggest importer of aluminum. Aluminum stock quantity at three main Japanese ports has gone up since April. The latest quarterly pricing negotiations started a month ago between Japanese buyers and global producers.
There were sufficient supply in Asia mainly as many traders and users had secured extra ingots right after the US' sanctions against Rusal in April. The US extended the deadline for investors to get rid of investment in Rusal on Sep 21st.
Japan Q4 aluminum premium down by 22% q-o-q
3 Oct 2018 18:16 reported by Ivy Wei
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