NEWSBREAK: MJP aluminum Q4 offer at $95/t - sources

A producer has offered fourth-quarter 2020 supply of aluminium to main Japanese ports (MJP) at a premium of $95 per tonne over the London Metal Exchange cash price, according to market sources.

The number is 23.4% higher than the cif MJP premium for the third quarter of 2020, which settled at $75-79 per tonne.
Major producers - Rio Tinto, South32, Alcoa and Rusal - are involved in negotiating quarterly aluminium supply to MJPs, while other suppliers typically follow the benchmark once agreed.

"We think the fourth-quarter premium will be going up and it should...

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