Alcan Asks Japan to Pay $132 T Q2 Aluminum Premiums -Sources

Industry News 02:32:56PM Feb 22, 2012 Source:SMM

TOKYO Feb 22 (Reuters) - Rio Tinto Alcan has sent a letter to Japanese buyers asking them to pay $132 per tonne premiums for April-June primary aluminum shipments, two sources directly involved in the talks said on Wednesday.

That would be up from $112-114 premiums paid in the current quarter.

Japanese buyers are resisting such a large hike, citing uncertainty over domestic demand, particularly as the strong yen is curtailing exports of domestic carmakers.

Australian and U.S. producers are bullish about the prospect of raising premiums after recent smelter shutdowns.

 

Key Words:  Rio Tinto  Alcan  aluminum  premiums 

Alcan Asks Japan to Pay $132 T Q2 Aluminum Premiums -Sources

Industry News 02:32:56PM Feb 22, 2012 Source:SMM

TOKYO Feb 22 (Reuters) - Rio Tinto Alcan has sent a letter to Japanese buyers asking them to pay $132 per tonne premiums for April-June primary aluminum shipments, two sources directly involved in the talks said on Wednesday.

That would be up from $112-114 premiums paid in the current quarter.

Japanese buyers are resisting such a large hike, citing uncertainty over domestic demand, particularly as the strong yen is curtailing exports of domestic carmakers.

Australian and U.S. producers are bullish about the prospect of raising premiums after recent smelter shutdowns.

 

Key Words:  Rio Tinto  Alcan  aluminum  premiums