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TOKYO, Dec 28 (Reuters) – Some Japanese aluminium buyers have agreed to pay global producers a premium of $86 per tonne over the benchmark price for January-March shipments, down 13% from the current quarter, three people involved in the pricing talks said on Wednesday.
The figure is lower than the $99 per tonne 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 biggest importer of the light metal and the premiums PREM-ALUM-JP for primary metal shipments it agrees to pay each quarter over the London Metal Exchange (LME) cash price 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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