Japan Q4 aluminium premium rises on supply fears amid firmer Europe prices

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TOKYO : The premium for aluminium shipments to Japanese buyers for October to December was set at $175 a metric ton, up 1.7 per cent from the prior quarter, on supply concerns amid higher premiums in Europe, four people directly involved in pricing talks said.

The figure is higher than the $172 per ton paid in July to September, and represents a third consecutive quarterly increase and the highest since the January-March quarter in 2022.

Press Metal said last month that about 9 per cent of its total smelting capacity was affected by the fire.

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Category: EconomyBusiness

Markets: SingaporeJapanMalaysia

Topics: Producers Sources Japan Premiums Aluminium Cent Buyers Higher Metal Japanese Quarter

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-09 @ 16:54:32 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 439 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 22966872

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