In recent years, although Japan's primary aluminium consumption has declined due to economic pressures and tariff impacts, annual imports of primary aluminium remain at the million-mt level, making Japan one of the world's largest net importers of aluminium ingots. Meanwhile, the Aluminium P1020A (MJP) quarterly premium, CIF Japan, commonly referred to as MJP, has long served as one of the primary pricing benchmarks for Asia and surrounding markets.
Against this backdrop, SMM launched on November 17, 2025: Aluminium P1020A (MJP) quarterly premium, CIF Japan, USD per tonne; Aluminium P1020A (MJP) spot premium, CIF Japan, USD per tonne. Historical prices can be viewed simultaneously on the SMM official website. These prices serve as indicative benchmarks used by trading parties for settlement reference.
