Japanese aluminum premiums hit record high

Jan 27, 2014 | 12:40 PM | Shivani Singh

Tags  aluminum, premium, Main Japanese Port, spot market, Shivani Singh

SINGAPORE — Spot Main Japanese Port aluminum premiums surpassed $300 per tonne this past week, a record high, following the spike in premiums in the West.

Small deals of 200 to 300 tonnes each were concluded at premiums of $300 to $310 per tonne in the latter part of the week, market sources told AMM sister publication Metal Bulletin, after settling at $270 to $300 per tonne earlier in the week.

"We did big volumes but less than 1,000 tonnes at $290 to $300," one Japanese trader said.....

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