The aluminium premium at main Japanese ports (MJP) in the fourth quarter of 2020 was unlikely to rise from its level in the third quarter even though the gradual recovery of demand in the country has improved market sentiment in recent weeks, sources have told Fastmarkets.
Last week was part of the summer break for the majority of end-users in Japan, but participants said that the MJP market has been fairly quiet anyway, with limited buying interest.Fastmarkets' assessment of the aluminium P1020A MJP spot premium, cif Japan, was $70-75 per tonne on August 14, unchanged from the assessment on...