首页|Asian premiums mixed; down in Japan on slower demand
Asian premiums mixed; down in Japan on slower demand
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NSTL
Asian aluminium premiums over the LME cash price were mixed in the week ended Wednesday, with spot premiums in Japan slightly lower on a demand slowdown while those in Taiwan rose. Spot premiums of Good Western brands were quoted at 60 dollars-63 dollars a metric ton, CIF to main Japanese ports, slightly down from 60 dollars -65 dollars /ton a week ago. Japan's demand for aluminium, which started to improve in the second half of the year, has recently sagged, traders said. Due to recent rises in premiums, consumers are making fewer spot orders, they added. Spot premiums in Japan rose to around 60 dollars /ton in September, from below 50 dollars /ton in June, boosted by lower supply and a slight improvement in demand. 'A weaker yen also discouraged customers from buying," a Tokyo-based trader said.
NSTL
