According to sources, the price of aluminum in Japan in the fourth quarter was set at $175 per ton, up 1.7% from the previous quarter – 09/10/2024 at 09:15

((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.