Fastmarkets has settled its premium for the supply of aluminium to main Japanese ports (MJP) in the third quarter of 2021 at $172-185 per tonne over the London Metal Exchange cash price.
The premium is 20.20% higher than the second-quarter benchmark of $148-149 per tonne and more than double the third-quarter of 2020 which settled at $75-79 per tonne cif MJP. The premium has risen for the past four quarters following a 14.29% rise to $88 per tonne in the fourth quarter of 2020.Fastmarkets' methodology allows for trader deals to be included in the settlement of the quarterly...