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UPDATE 1-Japan Q2 aluminium premiums set at $129/T, highest in three years [Reuters]

ALCOA (AA)  More Company Research Source: Reuters
Last alcoa earnings: 7/18 04:10 pm Check Earnings Report
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PDF UPDATE 1-Japan Q2 aluminium premiums set at $129/T, highest in three years | Reuters Reuters Staff 3 Min Read * April-June premiums mark the highest in 3 years * Higher premiums reflect surging U.S. spot premiums * Producers’ initial offers were at $132-135/T * Impact from new U.S. tariffs on aluminium unclear-buyer (Adds quotes and details) By Yuka Obayashi TOKYO, March 20 (Reuters) - Japanese aluminium buyers have agreed to pay producers premiums for supplies of the metal during the second quarter that are 25 percent higher than the first quarter, reflecting surging spot premiums in the United States, five sources directly involved in the quarterly pricing talks said. The two sides agreed to a premium PREM-ALUM-JP of $129 per tonne for metal to be shipped during the April to June quarter, up from $103 in the first quarter. The premium is the highest in three years and marks the second consecutive quarterly rise. Japan is Asia’s biggest aluminium importer and the premiums for primary [Read more]

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