SMM9, March 24: Japanese aluminum buyers have agreed to pay $88 per tonne of aluminum shipped in the October-December quarter, up 11% from the current quarter, according to sources involved in the pricing negotiations. The rise in the fourth quarter was higher than the $79 a tonne in the current quarter, the first rise in five quarters. But that is lower than the producer's initial offer of $95-98 a tonne.
As demand for aluminum began to recover from the novel coronavirus epidemic. Japan, Asia's largest importer of aluminium, agreed to pay a quarterly premium to the spot price of LME, becoming the price benchmark for the region.