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Some Japanese buyers agree to pay an aluminum premium of $86/T in Q1, 13% less than in Q4 – sources

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TOKYO, December 28 (Reuters)Some Japanese aluminum buyers have agreed to pay global producers a premium of $86 a tonne over the benchmark price for shipments from January to March, down 13% from the current quarter, three sources said on Wednesday. people involved in price negotiations.

This figure is lower than the $99 per ton paid in the October-December quarter and marks a fifth consecutive quarterly decline and the lowest premium since the October-December quarter of 2020.

Japan is Asia’s largest importer of light metals and premiums PREM-ALUM-JP for primary metal shipments, it agrees to pay the London Metal Exchange (LME) spot rate quarterly CMAL0 set the benchmark for the region.

(Reporting by Yuka Obayashi; Editing by Christopher Cushing)

((Yuka.Obayashi@thomsonreuters.com; +813-4520-1265;))

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