Today' Focus

        Hangzhou Jinjiang Group's general manager Zhang Jianyang, vice general manager Sun Jiabin and their team had  attended the SECOND BELT AND ROAD FORUM FOR INTERNATIONAL COOPERATION, they also attended the signing ceremony of comprehensive strateg...

International News

    Japan's spot aluminum import premium stays at $300-320/mt ahead of Q2 contract talks

  • China Aluminium Network
  • Post Time: 2014/2/10
  • Click Amount: 521

    Japan's spot aluminum import premium was assessed at $300-320/mt to the London Metal Exchange cash CIF Japan, unchanged since January 23, ahead of the second-quarter contract talks between Japanese buyers and overseas suppliers.

    No spot deal, bid or offer was reported Wednesday, as overseas producers have sold out their February-March loading cargoes, Japanese buyers and overseas sellers said.

    Platts surveyed two Japanese trading companies, one Japanese consumer, and three overseas producers Wednesday for their spot premium ideas, due to absence of firm bids, offers or deals.

    Market participants had buying ideas of 280-300/mt plus LME cash CIF, while selling ideas were between $300-350/mt plus LME cash CIF.

    Amid a lack of market activity in Asia, market participants were closely following the US spot aluminum premium trends in the physical market as well as the Chicago Mercantile Exchange's COMEX Platts US aluminum transaction premiums for direction, trade and producer sources said.

    The Platts US premium was assessed at 20.75 cents/lb delivered Midwest February 4, unchanged since January 24.

    Spot import trade was also lackluster as Q2 contract premium negotiations are expected to start in earnest this month.

    Some companies are expected to meet as early as the week starting February 10, sources said, while some Japanese buyers have already booked Q2 purchase volumes last month on concerns of tightening supply.

    Source: http://www.platts.com
      Copyright and Exemption Declaration :①All articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ②Articles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ③If any articles copied by our website concern the copyright and other problems, please contact us within one week.