((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
The premium for aluminum shipments to Japanese buyers for the October-December period was set at $175 per metric ton, up 1.7% from the previous quarter, reflecting higher premiums in Europe, said four people directly involved in the price negotiations.
This figure is higher than the $172 per tonne paid between July and September and represents a third consecutive quarterly increase.
However, it remains lower than the initial offers of $180 to $185 per ton made by global producers.
Japan is a major importer of the light metal and PREM-ALUM-JP premiums for primary metal shipments it agrees to pay quarterly against the London Metal Exchange (LME) benchmark cash price
CMAL0 constitute the reference for Asia.
