Q4 2026 Japan MJP premium is $255/mt

Published: Oct 12, 2026 14:37 (GMT+8)

Save

SMM, October 12: The Q4 2026 Japan MJP premium is indicated at $255/mt, down $140/mt, or 35.4% quarter-on-quarter, from the Q3 settlement of $395/mt, pending final verification from buyers and sellers. Meanwhile, SMM’s Japan MJP spot premium currently averages $230/mt, $25/mt below the indicated Q4 level, showing that spot market pricing remains weaker than the quarterly reference.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

24 mins ago

Alumina inventory buildup pressure persists, SHFE aluminum tug-of-war between longs and shorts maintains consolidation at lows [SMM aluminum futures brief review]

24 mins ago

43 mins ago

SMM Aluminum Billet Weekly Shipments on October 12

[SMM Aluminum Billet Shipment] According to SMM statistics, aluminum billet shipments from major consumption sites of China totaled 55,900 tonnes during September 28-October 11.

43 mins ago

48 mins ago

September Auto Sales Up 9% MoM, NEVs Account for 61.6% of Total New Vehicle Sales

[SMM Aluminum Flash] According to CAAM data, automobile production and sales in September reached 2.99 million and 2.956 million units, up 11.4% and 9% MoM, respectively, while down 8.7% and 8.4% YoY, respectively. From January to September, automobile production and sales totaled 23.246 million and 23.271 million units, both down 4.5% YoY. In September, NEV production and sales reached 1.814 million and 1.823 million units, up 12.2% and 13.6% YoY, respectively. NEV sales accounted for 61.6% of total new vehicle sales. From January to September, NEV production and sales totaled 12.483 million and 12.472 million units, up 11% and 11.1% YoY, respectively, with NEV sales accounting for 53.6% of total new vehicle sales.

48 mins ago