TOKYO, March 6 (Reuters) - A global aluminium producer has offered Japanese buyers a premium of $260 per metric ton for April-June primary metal shipments, up 14% from the current quarter, two sources directly involved in pricing talks said this week.
Japan is a major Asian importer of the metal and the premiums for primary metal shipments it agrees to pay each quarter over the London Metal Exchange $(LME.AU)$ cash price CMAL0 set the benchmark for the region.
For the January-March quarter, Japanese buyers agreed to pay a premium of $228 per ton PREM-ALUM-JP, up 30% from the prior quarter. It marked the highest level in about 10 years.
(Reporting by Yuka Obayashi; Editing by Kim Coghill)
((Yuka.Obayashi@thomsonreuters.com; +813-4520-1265;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.