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TABLE-Japan aluminium buyers to pay higher premiums for July-Sept imports

·1 min read

TOKYO, June 11 (Reuters) - The premium for aluminium shipments to Japanese buyers for July to September was set at $185 a tonne, up 24% to 25% from this quarter, as global demand picked up after a pandemic-induced collapse, five sources directly involved in pricing talks said. The July-September premium marks the fourth consecutive quarterly rise and the highest since the April-June quarter in 2015. Japan is Asia's biggest importer of aluminium and the premiums for primary metal shipments it agrees to pay each quarter over the London Metal Exchange (LME) cash price set the benchmark for the region. Following is a table of premiums agreed between Japanese buyers and global suppliers since 2005. Figures are in per tonne, over cash LME, CIF basis: Q1 Q2 Q3 Q4 2021 $130 $148-149 $185 2020 $83 $82 $79 $88 2019 $83-85 $105 $108 $97 2018 $103 $129 $132 $103 2017 $95 $128 $118-119 $94-95 2016 $110 $115-117 $90-93 $75 2015 $425 $380 $100 $90 2014 $225 $365-370 $400-408 $420 2013 $240-245 $248-250 $250 $245-247 2012 $112 $121-122 $200-210 $254-255 2011 $112-113 $113 $120 $118 2010 $128-130 $122-124 $120 $116-118 2009 $58-62 $56-58 $75 $115-120 2008 $65 $83 $87-88 $75-76 2007 $76-77 $71-73 $68-69 $65-66 2006 $56 $60-61 $73 $82-83 2005 $86-87 $79-80 $70-72 $63 (Reporting by Yuka Obayashi; Editing by Rashmi Aich)