NEWSBREAK: Q2 MJP aluminium premium settles at $148-149/t, hitting six-year high

March 30, 2021 / www.metalbulletin.com / Article Link

Fastmarkets' premium for the supply of aluminium to main Japanese ports (MJP) in the second quarter of 2021 has settled at $148-149 per tonne on top of the London Metal Exchange cash price, the highest since the second quarter of 2015.

The aluminium P1020A (MJP) quarterly premium, cif Japan for the second quarter is up by 14.23% from $130 per tonne in the first quarter of 2021.
It is also 81.10% higher than the second-quarter 2020 premium of $82 per tonne, and is the highest since the second quarter of 2015, when it settled at $380 per tonne.

The settlement is in line with Fastmarkets' methodology, with more than 30,000 tonnes of deals...

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