Industry News

Japanese aluminium buyers conclude Q3 premium negotiations with 8% reduction

Views : 105
Update time : 2024-07-12 09:29:19
According to the latest report, Japanese aluminium buyers have agreed to pay an 8 per cent lower premium for primary aluminium shipments for Q3 2024, ending September 30, than the previous quarter. The news came after five sources directly involved in quarterly pricing talks reported.

The last offer by global producers for Q3 was $185 to $190 per tonne, compared to which the current premium is 36-37 per cent lower, standing at $118 to $119 per tonne.

As opposed to the previous quarter's premium of $128 per tonne, the third-quarter premium agreed upon is 7.8-7 per cent less, following two quarters of rising premiums. In Q2 2024, Japan's primary aluminium shipment premium was 35 per cent higher sequentially, while that in Q1 was 27 per cent more.

Related News
Read More >>
Emirates Global Aluminium hits 50 million ton production milestone Emirates Global Aluminium hits 50 million ton production milestone
Nov .21.2025
Emirates Global Aluminium hits 50 million ton production milestone
China's iron ore output falls in Oct, supporting prices China's iron ore output falls in Oct, supporting prices
Nov .21.2025
China's iron ore output falls in Oct, supporting prices
Baogang Steel successfully trial-rolls stainless steel wire rods Baogang Steel successfully trial-rolls stainless steel wire rods
Nov .21.2025
Baogang Steel successfully trial-rolls stainless steel wire rods
Global primary aluminum market has supply shortage in Sep Global primary aluminum market has supply shortage in Sep
Nov .21.2025
Global primary aluminum market has supply shortage in Sep