{"id":11581,"date":"2012-06-18T11:32:30","date_gmt":"2012-06-18T09:32:30","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/japan-q3-aluminium-premiums-at-record-high-around-200-210-sources\/"},"modified":"2012-06-18T11:32:30","modified_gmt":"2012-06-18T09:32:30","slug":"japan-q3-aluminium-premiums-at-record-high-around-200-210-sources","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/japan-q3-aluminium-premiums-at-record-high-around-200-210-sources\/","title":{"rendered":"Japan Q3 aluminium premiums at record high around $200-$210-sources"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Premiums mostly at $200-$210, up to 70 pct rise from Q2<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Buyers target ingots due to worries about short supply<\/p>\n<p><span><\/span><\/p>\n<p>* Domestic demand shows signs of recovery, but still tepid<\/p>\n<p><span><\/span><\/p>\n<p>By Yuko Inoue<\/p>\n<p><span><\/span><\/p>\n<p>TOKYO, June 18 (Reuters) &#8211; Japanese aluminium buyers, the<br \/>\nworld&#8217;s biggest importers of the  metal, locked up third-quarter<br \/>\nsupply deals mostly at a physical premium of $200-$210 per<br \/>\ntonne, a record high, after global smelters cut output, four<br \/>\nsources directly involved in the talks said.<\/p>\n<p><span><\/span><\/p>\n<p>The premiums for July-September, which act as a benchmark<br \/>\nfor Asia, represent a jump of up to 70 percent from the $121-122<br \/>\npaid over the London Metal Exchange cash price in the<br \/>\ncurrent quarter, the steepest-ever quarter-on-quarter rise.<\/p>\n<p><span><\/span><\/p>\n<p>An acute shortage of supply prompted buyers to speed up<br \/>\nsettlements, said the sources, as producers cut back output,<br \/>\nwhile demand from the financial sector remained strong, reducing<br \/>\nsupply of accessible metals for manufacturers.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;As we needed to secure volumes, the deals were done much<br \/>\nquicker this time than the preceding quarter,&#8221; said one trader,<br \/>\nwho asked not to be identified because fees are not made public.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Because four or five major producers dominate the global<br \/>\nmarket, we have no means to counter their offers,&#8221; said another<br \/>\ntrader.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Premiums mostly at $200-$210, up to 70 pct rise from Q2 * Buyers target ingots due to worries about short supply * Domestic demand shows signs of recovery, but still tepid By Yuko Inoue TOKYO, June 18 (Reuters) &#8211; Japanese aluminium buyers, the world&#8217;s biggest importers of the metal, locked up third-quarter supply deals [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-11581","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=11581"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11581\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}