Japan Q4 aluminium talks drag out amid pricing disagreement – 17 October
Negotiations between Japanese buyers and global producers over Q4 delivery premiums remain unresolved, with initial offers lowered and talks extended past usual timelines.
👉 Source: Reuters
Summary :
TOKYO, Oct 17 (Reuters) – Quarterly pricing talks between Japanese aluminium buyers and global producers have stretched unusually long as both struggle to close a wide gap on primary metal shipments for October to December, three sources directly involved in the talks said.
Japan is a major Asian importer of the metal and the premiums it agrees to pay each quarter over the London Metal Exchange (LME) cash price set a regional benchmark, but it is unusual for talks to stretch weeks past the quarter’s start.
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