Japan Q4 aluminium premium rises to US$88/T as demand recovers from COVID-19


Aluminium stocked at Port Klang in Malaysia. - File pic

TOKYO: The premium for aluminium shipped to Japanese buyers for October to December was set at $88 a tonne, up 11% from the current quarter, as demand began to pick up from the pandemic-induced shock, four sources directly involved in pricing talks said on Thursday.

The premium, up from $79 per tonne paid this quarter, marks a first quarterly increase in five. But it is lower than initial offers of $95-$98 per tonne from producers.

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Aluminium , price rise , Malaysia , Japan , Port Klang ,

   

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