Q4 MJP aluminium premium settles at $88/t; up 14% from Q3

Fastmarkets' benchmark premium for the supply of aluminium to main Japanese ports (MJP) in the fourth quarter of 2020 has settled at $88 per tonne on top of the London Metal Exchange cash price.

The latest aluminium P1020A (MJP) quarterly premium, cif Japan is 14.3% higher than the third-quarter benchmark of $75-79 per tonne but is 9.3% lower than the fourth-quarter 2019 premium of $97 per tonne.
Over 50,000 tonnes of deals were reported to Fastmarkets by at least one side of the trade, from producers, consumers and traders for October to December delivery. 
Most market participants settled their quarterly negotiations at $88 per tonne, with the majority of deals collected by Fastmarkets being at this level.

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