Initial deals for second-quarter supply of aluminium to Japan have settled at levels that would mark six-year highs, boosted by demand from other key importer regions.
Since the beginning of March, international producers have locked deals with Japanese buyers at $148-149 per tonne cif main Japanese ports (MJP), the highest since the second quarter of 2015, when the settlement was at $380 per tonne.In terms of end use, aluminium demand for the first 11 months of 2020 dropped by 13.6% year on year to 3.33 million tonnes from 3.86 million tonnes previously, according...