The benchmark premium paid for the supply of aluminium to main Japanese ports (MJP) in the first quarter of 2020 has settled at $83 per tonne on a cif basis over the London Metal Exchange cash price.
The settlement represents a decrease of 14.4% or $14 per tonne from the fourth-quarter benchmark of $97 per tonne, which was set at the end of September.Deals for more than 50,000 tonnes between three major producers, a consumer and several traders for January-to-March delivery were directly reported to Fastmarkets by at least one side of the trades. The settlement is in line with...