An aluminium producer has offered fourth-quarter 2019 supply of aluminium to main Japanese ports (MJP) at a premium of $110 per tonne, according to market sources.
The number is 1.9% higher than the cif MJP premium for the third quarter of $108 per tonne.
“We are quite surprised that the offer is above $105 per tonne because demand in Japan is not good and there is a lot of inventories at the port,” one Japanese buyer who received the offer late this week said….