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Japanese Aluminium Premiums for Q2 Dip on Coronavirus SpreadThe 21st China (Guangzhou) Int’l Plate metal, Bar, wire, Metal Processing &Setting Equipment Exhibition
3/16/2020 金屬板材展-棒材-線材展 -plate metal expo-wire expo |
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Platts reported that the first quarterly aluminum premium deal for monthly shipments over April-June between a major Japanese consumer and an international trader was closed at USD 82 per tonne CIF Japan, plus London Metal Exchange cash settlement average of the shipment month. The deal was 22% below Platts Q2 2019 assessment of USD 105 and was also down from the Q1 assessment of USD 83. Sources said historically Q2 premiums were higher than Q1 because seasonal demand rises as Japanese companies start a new fiscal year cycle. But, this year, market sentiment has been more bearish because of the effects of the novel coronavirus outbreak.
Sources said "Producers are sort of on the sidelines now. Japanese consumers wish to buy and so traders start to step in and make markets.”
金屬板材展-線材展-金屬加工展-2020第二十一屆廣州國際金屬板材、棒材、線材及金屬加工設備展—全球三大金屬展之一巨浪展覽
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