Major aluminium producers and Japanese buyers are closer to reaching a premium settlement for their fourth-quarter aluminium supply after further deals were concluded at a premium of $97 per tonne to main Japanese ports (MJP), Fastmarkets learned on Thursday September 26.
Confirmed deals amounting to just above 16,000 tonnes have been reported to Fastmarkets as of Thursday following some initial deals done on September 4. To publish the quarterly MJP benchmark, Fastmarkets requires a minimum total quarterly transaction volume of 30,000 tonnes in confirmed deals from at least one consumer, three producers and traders, as specified in our methodology. If the fourth-quarter figure is confirmed at $97 per...