TOKYO, March 27 Some Japanese aluminium buyers
have agreed to pay producers a premium of $128 per tonne for
shipments in the April-June quarter, reflecting higher overseas
spot premiums, two sources directly involved in the quarterly
pricing talks said on Monday.
The deal, which marks a 35 percent rise from the $95 per
tonne premiums PREM-ALUM-JP in the previous quarter, is the
second quarterly increase in a row and the highest in two years.
Japan is Asia's biggest importer of aluminium and the
premiums for primary metal shipments it agrees to pay each
quarter over the London Metal Exchange (LME) cash price
set the benchmark for the region.
The latest quarterly pricing negotiations began last month
between Japanese buyers and global producers, including Rio
Tinto and South32 Ltd, with initial
offers at $135 a tonne.
Other talks are expected to continue through this week.
(Reporting by Yuka Obayashi; editing by Susan Thomas)