Sumitomo Expects Japan Aluminium Premiums of US$ 125-US$ 175 a Tonne in 2023
KONTAN.CO.ID - TOKYO. Trading house Sumitomo Corp expects Japanese aluminium premiums to remain at between US$ 125 and US$ 175 a tonne next year, against US$ 148 this quarter, although changes in Russian supply could be a swing factor. A company manager said on Thursday.
Japan is Asia's biggest aluminium importer and the premiums it agrees to pay over the London Metal Exchange (LME) cash price each quarter for primary metal shipments set the benchmark for the region.
