8th World Antimony Forum

TBD
Guiyang, Guizhou, China

12th Rare Earth Summit

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Hangzhou, Zhejiang, China

11th Aluminum Raw Materials Summit

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Hangzhou, Zhejiang, China

9th Magnesium Summit

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Hangzhou, Zhejiang, China

13th World InBiGeGa Forum

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Hangzhou, Zhejiang, China

7th World Antimony Forum

June 13-14, 2019
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7th Refractory & Abrasive Materials Summit 2019

May 23-24, 2019
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May 16-17, 2019
Zhengzhou, Henan, China

11th Rare Earth Summit

May 9-10, 2019
Qingdao, Shandong, China

8th Magnesium Summit

April 11-12, 2019
Zhuhai, Guangdong, China

12th World InBiGeGa Forum

March 14-15, 2019
Zhuhai, Guangdong, China

Japan buyers set Q2 aluminum premium at USD82/t

2020-04-03 12:02:07   【Print】
The premium for aluminum shipments to Japanese buyers for April to June was set at $82 per tonne, down 1.Asian Metal Copyright The latest quarterly pricing negotiations began in late February between Japanese buyers and global producers, including Rio Tinto, and South32 Ltd.Asian Metal Copyright2% from the preceding quarter, four sources directly involved in the pricing talks said, highlighting fears that the coronavirus crisis will hit demand.

Japan is Asia's biggest aluminum importer and the premiums for primary metal shipments the country agrees to pay each quarter over the London Metal Exchange (LME) cash price set the benchmark for the region.

The latest premium is down from the $83 per tonne paid in the January-March quarter and marks a third straight quarterly drop and the lowest premium since the October-December quarter in 2016. It is also lower than the initial offers of $98-$105 made by producers.

Manufacturing activity fell across much of the world in March, as sharp slowdowns in Germany and Japan overshadowed a modest improvement in China. New orders in the United States slumped to an 11-year low, implying the worst is still to come.

"All Q2 deals were done at $82 a tonne which was below our initial offer," a source at a producer said on Wednesday. "We had to compromise as expectations for demand fallout have grown among buyers since the Covid-19 has spread so rapidly outside of China in March," he said.

The latest quarterly pricing negotiations began in late February between Japanese buyers and global producers, including Rio Tinto, and South32 Ltd.

.Asian Metal CopyrightThe premium for aluminum shipments to Japanese buyers for April to June was set at $82 per tonne, down 1.Asian Metal Copyright
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