Asian aluminum premiums hold; contract terms shorten
Jan 08, 2013 | 11:04 AM
| Shivani Singh
Tags
Asia,
premium,
aluminum,
MJP,
Japan,
Korea,
China,
Singapore
Malaysia
SINGAPORE — Asian aluminum premiums have held steady in muted trading during the holiday season, with business being done on a short-term contract basis following last year’s premiums volatility.
"Spot Main Japanese Port (MJP) premiums were at $240 to $245 per tonne, same as long-term quarterly premium(s)," a trader in Tokyo said.
More buyers in Asia are switching to quarterly prices from fixed prices for the year, continuing a trend from last year. ....
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