Tokyo (Platts)--20Dec2012/541 am EST/1041 GMT
Premiums for primary aluminum to be exported to Japan in the first quarter of 2013 have been settled at $240-245/mt plus London Metal Exchange cash CIF Japan, down from $254-255/mt plus LME cash CIF Japan for Q4, according to Platts assessments. Platts has confirmed 10 settlements at $240/mt plus LME CIF Japan, five at $242/mt, one at $243/mt, three at $244/mt and two at $245/mt. Each was for over 500 mt/month shipments of minimum 99.7% aluminum standard primary aluminum ingot, sows and T-bars to be exported to Japan from Australia, New Zealand, South Africa and North America in Q1 2013. The premiums are set on the basis of the London Metal Exchange cash contract price of the loading month, CIF main ports Yokohama, Nagoya or Osaka. Payment terms are typically cash-over-documents for exports to Japan. Article continues below...Request a free trial of Metals DailyPlatts Metals Daily offers prices, news and analysis for the aluminum, copper and molybdenum value chains. It contains hundreds of metals prices across base, minor, light and precious metals assessed by editors globally. This detailed report will help you monitor global events and quickly spot opportunities or potential pitfalls as well as bring you aluminum and copper price and news coverage. Daily prices and news for molybdenum are also covered to deliver critical insights.
Premiums for primary aluminum to be exported to Japan in the first quarter of 2013 have been settled at $240-245/mt plus London Metal Exchange cash CIF Japan, down from $254-255/mt plus LME cash CIF Japan for Q4, according to Platts assessments. Platts has confirmed 10 settlements at $240/mt plus LME CIF Japan, five at $242/mt, one at $243/mt, three at $244/mt and two at $245/mt. Each was for over 500 mt/month shipments of minimum 99.7% aluminum standard primary aluminum ingot, sows and T-bars to be exported to Japan from Australia, New Zealand, South Africa and North America in Q1 2013. The premiums are set on the basis of the London Metal Exchange cash contract price of the loading month, CIF main ports Yokohama, Nagoya or Osaka. Payment terms are typically cash-over-documents for exports to Japan.
Article continues below...
Platts Metals Daily offers prices, news and analysis for the aluminum, copper and molybdenum value chains. It contains hundreds of metals prices across base, minor, light and precious metals assessed by editors globally. This detailed report will help you monitor global events and quickly spot opportunities or potential pitfalls as well as bring you aluminum and copper price and news coverage. Daily prices and news for molybdenum are also covered to deliver critical insights.
More than 20 companies, including Japanese buyers and overseas sellers, were contacted for the assessments.--Mayumi Watanabe, mayumi_watanabe@platts.com--Edited by Wendy Wells, wendy_wells@platts.com
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