Japanese primary aluminium buyers are concluding negotiation with offshore suppliers to increase the Japan premium to US$ 75-78 per tonne level for July-September. The premium increases by around US$ 20 from April-June, which is the first rise in a year.
A part of the premium was settled at less than US$ 70 per tonne. However, the talk was heated up after UC RUSAL announced shipment termination for July-September. The buyers are accepting the higher premium while some of the buyers are still seeking lower premium. Some buyers could accept more than US$ 80 of premium when they try to secure additional volume, instead of metal from RUSAL. The premium is expected to increase more in and after October-December. The premium for spot purchase apparently exceeded US$ 100 per tonne under supply concern including RUSAL’s termination.| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| « Sep | ||||||
| 1 | 2 | 3 | ||||
| 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| 11 | 12 | 13 | 14 | 15 | 16 | 17 |
| 18 | 19 | 20 | 21 | 22 | 23 | 24 |
| 25 | 26 | 27 | 28 | 29 | 30 | |
Japan Steel Scrap Composite Prices (Sangyo Press)
2024/11/21| H2 | NewCutting (PRESS) |
| 41300YEN (-) | 43200YEN (-) |
| 264.52US$ (-0.38) | 276.69US$ (-0.39) |
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)
- JMB Tieup company
- The Korea Metal Journal
- ferro-alloys.com
- Steel on the net
- AMM
- MEPS
